Alpha Telecom formally signs agreement for Mali’s third mobile licence

Telecoms

It has been confirmed that Mali has finally put pen to paper on the country’s third mobile operator licence, with Agence Ecofin reporting that Alpha Telecom Mali, a joint venture between Monaco Telecom and local holding company Planor Afrique, signed the licence agreement on 12 February 2013.

With Apollinaire Compaore, the businessman behind Planor Afrique, having represented Alpha Telecom at the signing, he revealed that the new entrant aims to have its network operational ‘as soon as possible’, though he stopped short of giving a definitive launch timeframe.

It was also confirmed that Alpha Telecom will make a XOF33 billion (USD67.8 million) initial payment for the concession immediately, with the remaining XOF22 billion to be paid within the next three months.