Etisalat buys more shares of Atlantique Telecom

Emirates Telecommunications Corp (Etisalat) has announced the acquisition of additional shares in Atlantique Telecom.

This brings Etisalat’s total shareholding to 70%, an increase of 20%.
Atlantique Telecom holds variant majority shares in seven telecommunications organisations across the Ivory Coast, Benin, Burkina Faso, Gabon, Niger, Togo and the Central African Republic.

These countries hold a combined population of approximately 60 million and mobile phone penetration of less than 10%.

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