SOTELMA to list by June
MALI| Feb. 27, 2012, 11:06 a.m.
Mali’s fixed line operator, SOTELMA, is expected to list on the West African regional stock exchange by June this year.
It was announced in 2008 that the Mali Government had decided to privatize SOTELMA on the advice of investment bank Linkstone Capital.
The privatisation strategy included the sale of a 51% stake to Maroc Telecom, a 20% stake to be sold in a public offer; 9% of the share capital will be reserved for the employees of Sotelma. The Government will hold a 20% share.
Sotelma is expected to list on the regional bourse between April and June, with hopes of raising up to USD200 million in the listing.
MORE MALI NEWS
Orange Money in France to allow money transfers to three African countriesOrange Money is available in Metropolitan France to enable Orange mobile subscribers in France to transfer money via their mobile to other Orange Money customers in Côte d'Ivoire, Mali and Senegal. Read More
Scatec Solar to build first large scale solar plant in West AfricaMali will install the largest solar grid-connected power plant in the region. Read More
Mali’s 3rd mobile operator to start operations soonAlpha Telecom, the third mobile operator of Mali, is set to start operating in the near future to challenge leader Orange and SOTELMA in this West African nation. Read More
Mali Orange relief as international calls syndicate dismantledMali Orange investors and management are breathing a sigh of relief after two brothers who used the company network to allegedly operate an illegal international calls business for the past six months were arrested last week in the capital Bamako. Read More
Orange Mali upgrades WiMAX infrastructureOrange Mali recently selected Alepo to enhance its WiMAX core infrastructure via Alepo’s high-performance AAA infrastructure. Read More
Orange Mali, NSIA launch ‘Sini Tonon’The insurance and savings sector in Mali has been revolutionised with the launch recently of a mobile money product called ‘Sini Tonon’, an initiative of insurance giant NSIA (Nouvelle Société Interafricaine d’Assurances), in partnership with Orange Mali. Read More
Hamadoun Touré back in MaliMali has welcomed back with pomp and pride its ICT hero, Dr Hamadoun Touré, who has returned home after eight years at the helm of the International Telecommunication Union (ITU). Read More
Mali Digital Plan 2020 to reorganise economyThe coordinator of Mali’s proposed ICT development strategy believes digital technologies have the potential to revolutionise people’s lifestyle and working relationships, boost culture and improve education, among others. Read More
APR Energy signs cross-border contract with MaliAPR Energy has signed a new 40MW cross-border contract with the government of Mali to address expected power shortages in the country. Read More
Francophone Africa’s bus companies ignore ICTs, innovationThe language of ICTs is relatively unknown to Mali's bus companies, reports Issa Sikiti da Silva. Read More
FEATURED STORYGovernment should encourage youths in ICT early
Youths should be given more encouragement to develop their ICT skills, an 11-year-old app developer told Kokumo Goodie.
BEST READ NEWS
IN DEPTHIBM Opens First Cloud Data Centre in South Africa
IBM is opening a new IBM Cloud Data Centre in Johannesburg, South Africa. The new cloud center is the result of a close collaboration with Gijima and Vodacom and is designed to support cloud adoption and customer demand across the continent.