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Agreement to acquire Mattel as Telecel plans US$700m tech investment

By , ITWeb
Africa , Tunisia , Mauritania , 12 Apr 2022

Tunisie Telecom, BSA telecommunication and COMATEL have penned exclusive agreement with the company Telecel Group for the sale of 100% of the shares of the company Mauritano-Tunisienne des Télécommunications (Mattel).

According to a statement released to the media, Mattel is the first mobile operator in Mauritania to have launched the GSM service.

Mattel was established in May 2000 and was the result of cooperation between Mauritanian and Tunisian economic operators.

It is described as a major player in the ICT sector and digital transformation in the country, with 33% market share, and is said to play an essential role in the development of broadband in Mauritania through its 4G and fibre optic infrastructures deployed in the main cities of the country.

Telecel is mobile operator present in Africa since 1986. The Group has completed four transactions since 2018 and plans to invest more than US$700-million over the next 3 years, mainly in mobile operator acquisitions, fibre optic infrastructure construction and infrastructure.

Telecel Global Services, Telecel Play and Africa Startup initiative Program have become major players in the digital economy in Africa.

Mattel Shareholders have declared that “After a competitive process, we are pleased to announce that Telecel Group has been selected for the sale transaction of Mattel's shares. We are satisfied with the interactions with Telecel group and remain confident for the rest of the process."

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