SOTELMA to list by June

MALI

|
Image: By BiztechAfrica
SOTELMA to list by June

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.



Share the News

Get Daily Newsletter

Search News

comments powered by Disqus

MORE MALI NEWS

Scatec Solar to build first large scale solar plant in West Africa

Mali will install the largest solar grid-connected power plant in the region. Read More

Mali’s 3rd mobile operator to start operations soon

Alpha 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 dismantled

Mali 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 infrastructure

Orange 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 Mali

Mali 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 economy

The 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 Mali

APR 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, innovation

The language of ICTs is relatively unknown to Mali's bus companies, reports Issa Sikiti da Silva. Read More

Mali gives away .ML domain names

Mali has become the first African nation to announce it will give its domains for free. Read More

PRESS OFFICES

Sage EnterpriseSAP AfricaTrust PayVMWareSamsung ElectronicsMitsumi DistributionPhoenix DistributionMTN BusinessSchneider ElectricMultichoiceMicrosoft 4AfrikaNetworks UnlimitedArbor Networks

FEATURED STORY

Nigeria satellite resources to boost economic growthNigeria satellite resources to boost economic growth

The Management of NigComSat says Nigeria’s satellite resources are primed to help the nation in accelerating robust ICT infrastructure to boost economic development for the country.

IN DEPTH

IBM Opens First Cloud Data Centre in South AfricaIBM 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.  

COMPANY NEWS

RSA research reveals blind spots in threat detection

RSA, The Security Division of EMC, has released the results of a new Threat Detection Effectiveness Survey.

Networks Unlimited event highlights SimpliVity's new Omnistack Software

Leading data protection focused distributor invites hyperconverged vendor to discuss disaster recovery and data protection.

MTN and Ericsson lead the way with first LTE-U network

To future proof its business, MTN SA, together with Ericsson, has successfully trialled LTE-Unlicensed (LTE-U) at MTN’s flagship channel store in Morningside, Johannesburg.