NFS plans to invest 100 million Euros in Telecel operations for the development of Telecom projects in Africa
BARCELONA, Spain-Friday, March 3rd 2017 [ ME NewsWire ]
At the Mobile World Congress Barcelona 2017, NFS, the holding company of Telecel and Telecel Global, announced its strategic plan for entering the capital markets via a merger with German listed company HPI AG and its intention to invest more than 100 million Euros in the Telecom sector in Africa. The funds will accelerate the development of Telecel operations across the African continent and will be used for the acquisition of multiple assets.
Telecel Global, the international service provider for voice, data and SMS, will develop its MVNO license in South Africa and will launch its operations within the year. Malek Atrissi, Director and COO of Telecel Global, said “South Africa is a competitive market, yet when viewed with our innovative and integrated approach, we believe we will take advantage of the digital transformation witnessed in the telecom industry worldwide and develop enhanced and customized services in line with the market requirements. The upcoming investments will reinforce our footprint in the African continent, and will ensure that we can contribute to the socio-economic benefits of the citizens across the region”.
Under the strategic plan, Telecel Central Africa is to reinforce its market leadership position in the Republic of Central Africa, and NFS is to close M&A deals under negotiation, including the acquisition of MNOs in various African markets. Nicolas Bourg, a founding partner of NFS, said “we have proven track records in challenging markets like Central Africa and we want to leverage our expertise in other African markets. We are committed to bring state-of-the-art services to the African Nations”.
HPI AG, a stock exchange listed German company, which is specialized in Information Technology, had previously considered investing in the Telecom Industry being part of its business integration strategy.
Sayde Bahsa, +961-1381553
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