Togo: Moov pays first tranche of payment for 2G/3G/4G licenses obtained last June

Telecom

Monday, 26 November 2018 16:12

Togo: Moov pays first tranche of payment for 2G/3G/4G licenses obtained last June

(Togo First) - In Togo, Maroc Telecom has announced it started paying data licenses it obtained last June via its subsidiary, Atlantique Télécom (Moov).

According to the firm’s financial report for 2018’s first three quarters, the Moroccan group has, in Q3 2018, disbursed “256 million dirhams (about CFA15.6 billion) as partial payment for 2G/3G/4G license in Togo (obtained in June 2018 at a cost of 477 million dirhams [about CFA28.9 billion])”.

Last June 11, the subsidiary which is detained by Maroc Telecom (95%) renewed its 2G/3G operating licenses, and obtained a 4G license in the country. The licenses should be valid until December 31, 2036.

Under agreements signed by Maroc Telecom relating to the licenses, the group will pay for the licenses in three annuities, starting last July.

On September 30, this year, Moov Togo had 3,288,000 subscribers really using its services, against 3,151,000 at June 30, 2018 and 2,782,000 in September 2017. This represents an annual growth of 18.2%.

Fiacre E. Kakpo

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