Table of Contents

Telecel Group Announces the Acquisition of Mattel Mauritania

Tunisie Telecom, BSA telecommunication and COMATEL announce the signing, on March 14, of an unique settlement with the corporate TELECEL Group for the sale of 100% of the shares of the corporate Mauritano-Tunisienne des Télécommunications (Mattel).

Mattel is the primary cell operator in Mauritania to have launched the GSM service. Since its creation on Could 11, 2000, the results of cooperation between Mauritanian and Tunisian financial operators, Mattel has at all times relied on the standard of its community, the professionalism of its workers, the management of its administration workforce and proximity to its prospects.

Mattel is a significant participant within the ICT sector and digital transformation within the nation. As such, Mattel performs a vital function within the growth of broadband in Mauritania by way of its 4G and fiber optic infrastructures deployed in the principle cities of the nation.

Mattel holds practically 33% market share and in 21 years of existence, Mattel has continually modernized its community because of the most recent technology of technical gear and the knowhow of its engineers.

Mattel presents its companies all through the nation with a community of greater than 120 businesses unfold all through the nationwide territory.

Telecel is cell operator current in Africa since 1986. The Group is experiencing sturdy progress on the continent. It has accomplished 4 transactions since 2018. The corporate plans to take a position greater than $700 million over the subsequent 3 years, primarily in cell operator acquisitions, fiber optic infrastructure development and infrastructure. Due to its actions, Telecel International Companies, Telecel Play and Africa Startup initiative Program have develop into main gamers within the digital financial system in Africa.

Mattel Shareholders have declared that “After a aggressive course of, we’re happy to announce that Telecel Group has been chosen for the sale transaction of Mattel’s shares. We’re glad with the interactions with Telecel group and stay assured for the remainder of the method.”