Moov Togo lost 500,000 users in H1 2020, compared to H1 2019

Telecom
Tuesday, 27 October 2020 15:35
Moov Togo lost 500,000 users in H1 2020, compared to H1 2019

(Togo First) - In the first half of 2020, the number of Moov users stood at 3.108 million. This is 500,000 users less than the telecom operator had last year over the same period.

The drop was reported in the half-year figures released by Moov Togo’s parent company and majority shareholder, Maroc Telecom

During the past semester, Maroc Telecom paid the last tranche for the 4G license in Togo: 107 million dirhams, around CFA6.5 billion. This should consolidate the group’s perspectives in a burgeoning market. 

Over the past few years, the number of phone users (individuals and businesses) exploded in Togo, surging from nearly 5 million in September 2015 to 7 million in 2019. This growth was driven by a greater penetration rate for mobile (83%), spurred notably by strong competition between TogoCom and Moov Togo. 

Ayi Renaud Dossavi

 
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