Sonatel mulls second listing to improve liquidity

Reuters carries an unconfirmed report that Senegalese fixed line incumbent Sonatel is mulling plans to conduct a secondary listing to improve the liquidity of its stock. The telco’s chief financial officer Aboubacar Sadikh Diop is quoted as saying that the group is currently ‘studying how to do that’, but declined to provide details on a schedule or location for the listing to take place. Diop went on to say that Soantel is also looking for acquisitions in neighbouring countries but was not bidding for Niger’s telecoms firm Sonitel, which has been put for sale by the government.