The Togolese government adopted on Wednesday (October 3rd) a bill authorizing the transfer of a state stake in the capital of the Holding of Electronic Communications (togocom), to the private sector.
With a registered capital of one billion CFA francs (about $ 1.75 million), this company announced since July 2017 will eventually be formed of 3 subsidiaries that will be born from the ashes of the incumbent operator Togo Telecom , and its subsidiary Togo Cellulaire. It also controls the results of wholly-owned subsidiaries, subsidiaries whose capital amounts to 500 million CFA each.
Called “Fixed / Mobile Infrastructure”, the first entity of the group will be set up for investments, and will also be in charge of the construction and operation of fixed and mobile infrastructures. The second subsidiary will have to offer “convergent and innovative offers (voice and Internet, fixed and mobile) to customers, while the third will bring together installation, repair and maintenance teams for installations and terminals.
According to the government, this opening of capital to the private sector should allow the holding company to acquire the necessary means to achieve its ambitions. “This allows it to consolidate its investment capacity and benefit from the latest innovations in ICT to develop new growth segments,” he adds.
Growth stimulator
“The targeted objectives of modernizing network infrastructures and diversifying fixed and mobile offerings through broadband Internet through fiber optics are part of the process of transformation of the group initiated since 2015,” he said. we.
“Ultimately, the opening of capital is paramount in view of the new dynamic in which Togocom intends to insert itself to fully assume its growth-stimulating role”, motivates the government to accelerate “development and investment in the telecommunications sector “.
