Axian Telecom wants to strengthen its presence in the African telecom market. The company recently signed an agreement to increase its stake in telecoms operator Free Senegal to 80%. Telecommunications company Axian Telecom has obtained a loan totaling USD 158.3 million from the American bank JPMorgan Chase Bank NA to support its activities in Tanzania and...
Madagascar-based AXIAN Telecom, a pan-African telco group, has announced its Q2 2023 financial results, showcasing a 13.4% year-on-year increase in revenue to USD253.2 million. This positive outcome was mainly attributed to significant revenue expansion in Tanzania, which surged by 18.3%, and Madagascar, which grew by 12.6%. Moreover, the group’s adjusted EBITDA experienced a substantial rise...
Paulin Alazard took over as general manager of Togocom in 2019, replacing Affoh Atcha-Dedji, when the group came under the control of Axian Telecom. He resigned in August 2022. Tarik Boudiaf was appointed as interim. Pierre-Antoine Legagneur has been the new managing director of the Togolese telecom operator Togocom since July 1. The pan-African telecommunications group Axian...
Madagascan telecom firm Axian sees Telkom as the perfect acquisition target to help it meet its goal of becoming the fifth-largest mobile network operator in Africa in the next five years, the Sunday Times reports. Through its partnership with former Telkom CEO Sipho Maseko, Axian is in talks to acquire a controlling stake in the partly...
Madagascar-based, Mauritius-registered group AXIAN Telecom has reported revenues of USD240.6 million for the first three months of 2023, up from USD130.2 million in Q1 2022. The growth was mainly due to the acquisition of a 98.5% stake in Millicom Tanzania (Tigo) in April 2022, which contributed USD101.2 million. The bulk of the remaining organic growth came from...
Ericsson and AXIAN Telecom have strengthened their partnership at Mobile World Congress 2023, Barcelona, Spain. The two companies announce a partnership for the modernization of AXIAN Telecom’s operations in Madagascar, Telma Madagascar’s radio access network (RAN), microwave transport infrastructure, and core networks. Deploying future-proof solutions for 4G and 5G deployment from the Ericsson Radio Access Network (RAN) portfolio will...
WeLight, a company co-owned by pan-African conglomerate AXIAN Group, has secured €19-million in funding from a group of lenders – including the European Investment Bank (EIB), to help 250,000 people in rural Madagascar gain first-time access to clean electricity. The Group, comprised of the EIB, Triodos Investment Management and EDFI ElectriFI, a European Union-funded Electrification...
Pan-African telecoms service provider Axian Telecom has outlined four key priorities for its newly acquired Tanzanian business. Last week a consortium led by Axian Telecom and local businessman Rostam Azizi closed the acquisition of Millicom International Cellular’s operations in Tanzania (Tigo) and Zanzibar (Zantel). The consortium says its growth plan includes significant investment in Tanzania...
AXIAN Telecom, a leading pan-African provider of telecommunications, mobile money services and digital infrastructure has successfully priced its US$420 million Senior Notes, due in 2027. The successful pricing of the bond, which launched yesterday on Wednesday 9th February 2022, was supported by anchor orders from development finance institutions CDC, DEG, EAIF and IFC. From initial...
Madagascar-based Axian Group plans to invest USD500 million in Tanzania following its acquisition of Millicom International Cellular’s operations in the East African country, reports Bloomberg. Earlier this month Millicom agreed to sell the entire unit, which includes Tigo and Zanzibar Telecommunication (Zantel), to a consortium led by Axian, a pan-African group that was part of...
