Maroc Télécom takes control of Gabon Telecom

12 Feb 2007

Maroc Télécom has won a government tender to acquire a 51% stake in Gabon’s fixed line incumbent operator Gabon Telecom for EUR61 million (USD79 million). Abdeslam Ahizoune, chairman of the Moroccan telco, declared: ‘…we are going to [immediately] implement a restructuring and development plan that will help this operator to become a jewel of the Gabonese economy and a model for the region, able to offer the best services at the best prices to the population and to companies.’ Gabon Telecom and its 100%-owned mobile subsidiary Libertis posted estimated revenues of EUR137 million in 2006. At the end of December 2006 it had an estimated customer base of 260,000 mobile users, a wireless market share of approximately 30%, and around 40,000 fixed line subscribers. The country’s mobile penetration rate is an estimated 58%, with wireline teledensity at below 3%. Maroc Télécom bought a majority stake in Mauritanian incumbent Mauritel in 2001, and a controlling share in Burkina Faso’s Onatel in December 2006.

Gabon, Gabon Telecom, Maroc Telecom (IAM)