Togocel and Moov generated a combined turnover of CFA159 billion in 2019

Thursday, 19 November 2020 14:47
Togocel and Moov generated a combined turnover of CFA159 billion in 2019

(Togo First) - In 2019, Togocel and Moov generated CFA159.5 billion of revenues. The figure, up by 9 billion (+6%) compared to 2018, was disclosed in a report published by Togo’s telecom regulator (ARCEP) entitled Evolution of Regulated Markets: Posts and Digital Communications.

In detail, Togocel’s activity in the mobile service segment was bolstered last year (+10%) while Moov stagnated (+0.1%).

With more than CFA100 billion of turnover in 2019 (63% of the market value for mobile), Togocel, a subsidiary of Togocom, remains the leader in terms of mobile services. Meanwhile, Moov, its rival, lost speed and controlled only 37% of the market. According to ARCEP, Moov lost 400,000 users (or 11% of its user pool) in 2019. This is mainly due to the regulator’s order to deactivate and reattribute all inactive numbers. On the other side, Togocel’s user pool grew by 17% in 2019, thus pushing the operator ahead of its rival which was leading in this regard in 2018. 

Let’s recall that recently the two operators were warned by the ARCEP for unfair practices of making their on-network call-tariffs cheaper than off-network tariffs. 

Séna Akoda

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