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Helios Towers is acquiring the passive infrastructure assets of Senegal’s number two mobile player Free Senegal for US$188.2 million. Through this transaction, Helios Towers will become the largest independent tower infrastructure provider in Senegal with 1,220 sites. Free Senegal is backed by a consortium of investors including Teyliom Group, Sofima and NJJ, a private holding...

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Senegal’s incumbent operator Sonatel has announced the successful early completion of its XOF100 billion (USD173 million) bond issue. The company revealed that the seven-year loan offering a gross interest rate of 6.50% per year, the largest bond issue to date by a private company in the region, was oversubscribed by more than 120%, with 39%...

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Private Infrastructure Development Group (PIDG) company, the Emerging Africa Infrastructure Fund (EAIF/the Fund) plans to invest up to US$50-million in a bond issue with the objective to raise US$170-million for investment in Senegal-based telecommunications services provider Sonatel S.A. According to a statement released to the media, Sonatel’s bond, launched on 15 June 2020, will have...

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The National Telecommunications Company (Sonatel) of Senegal, a subsidiary of the French telecoms group Orange, recorded revenue of 1,086.6 billion FCFA in 2019, up by 64.6 billion FCFA compared to to 2018. Despite a tense business environment in these different markets – political and economic crisis in Bissau, precarious security context in northern Mali, political...

The Senegalese Association of Information and Communication Technology Users (ASUTIC) supports the entry of a fourth operator in the national telecom market. In an interview given on October 10, 2019 to the newspaper Sud Quotidien , Ndiaga Guèye (photo), the president of the association, said that a new actor would revive the competition in a market where he...