Telecel Group has reportedly finalised the purchase of Gibralatar-based mobile network operator (MNO) Limba. Nicolas Bourg, Group Managing Partner at Telecel Group, confirmed the development in a blog post, noting that the official acquisition was finalised on 16 May 2019, in a deal that forms part of Telecel Group’s plans to ‘expand [its] base across borders and widen [its] footprint across the world, including Europe’. Established in 2017, Limba is Gibraltar’s second MNO, holding 2G/3G/4G licences and operating 40 antennas across the territory.
Hugues Mulliez, Telecel Group chairman, was cited as saying of the matter: ‘Telecel Group has established a clear position of leadership by covering several countries in Africa and associating itself with the African communities by supporting technology related startups all throughout Africa. Telecel Group is reaffirming this leadership by establishing a new African highway of data traffic by adding a mobile network operation in Gibraltar, which is a strategic “Gateway” to Europe.