Fixed, mobile and broadband operator Monaco Telecom, which is now 55%-owned by a private investment group controlled by the French entrepreneur Xavier Niel (owner of French telco Iliad), has rebranded under a new logo, with the telco’s owner also promising a ‘very marked shift in innovation’ for the company – including about EUR12 million to EUR16 million (USD13.1 million to USD17.5 million) per annum in new tech investment, equivalent to 70% of the operator’s total CAPEX.
TeleGeography’s GlobalComms Database notes that in April 2014 Cable & Wireless Communications (CWC) agreed the sale of Compagnie Monegasque de Communication (CMC), the holding company for CWC’s 55% stake in Monaco Telecom, to a private investment group controlled by the French entrepreneur Niel for EUR321.8 million. Monaco Telecom is the incumbent operator in the Principality, where it is the market leader and only full service telecom provider. Further, Monaco Telecom itself owns a 36.75% stake in Afghani mobile operator Telecom Development Company Afghanistan (Roshan), and operates a ‘service-to-operator’ division, which amongst other activities supplies the international country code and international carrier services to Kosovo, and has a service contract with OnAir, a company that provides passenger telephony solutions on board aircraft.
Monaco Telecom reported turnover of EUR160.7 million in FY 2014 and net income of EUR29.9 million. It closed out the year with a total of 35,077 mobile, 26,469 fixed line, 17,514 broadband internet and 12,641 TV subscribers.