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
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
Mali gives away .ML domain namesMali has become the first African nation to announce it will give its domains for free. Read More
Orange, MFS Africa extend benefits to MaliOrange Money users in Mali can now use the services of Orange Money Transfer International. Read More
Third operator set to enter MaliAfter a process lasting over a year, Mali’s Council of Ministers has approved the conditions for a new mobile operator, Alpha Telecom Mali, to enter the market. Read More
Diarra named interim Mali PMRenowned astrophysicist and former Microsoft Africa Chairman Cheick Modibo Diarra has been named interim Prime Minister for Mali. Read More
FEATURED STORYMFarmer SMS redefines market access for Ugandan farmers
Ugandan smallholder farmers are benefitting from an ambitious innovative ICT mobile phone initiative that offers weather reports and up-to-date market information about changes in prices for agricultural commodities, thus granting them lucrative returns from their farming ventures.
BEST READ NEWS
IN DEPTHNIG President speaks his mind
Bayo Banjo, CEO, Disc Communications and President, Nigeria Internet Group (NIG) says the proposed licensing of infrastructure companies by the Nigeria Communications Commission (NCC) will breed corruption and entrench monopolistic practices. Kokumo Goodie reports.