Togo: Moov to spend CFA28bn on newly-acquired 2G/3G/4G licenses

Telecom
Wednesday, 25 July 2018 15:47
Togo: Moov to spend CFA28bn on newly-acquired 2G/3G/4G licenses

(Togo First) - Mobile operator Atlantique Télécom, also known as Moov, will have to pay CFA28 billion for the early renewal of its 2G and 3G licenses and their extension to 4G. This was reported in the H1-2018 Consolidated Financial Report published by Maroc Télécom, Moov’s parent company.

The money will be disbursed under three annual payments starting this month, the report said.  The second-largest mobile operator in Togo which is estimated to handle over 3, 151, 000 subscribers, through June 30, has already spent MAD28 million (about CFA1.6 billion) for the second and last tranche of its 3G license obtained in 2016.

Let’s recall that the newly obtained licenses (June 11) are set to run till December 31, 2036. The company is 95%-owned by Maroc Télécom.

Fiacre E. Kakpo

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