Sonatel sees 11% increase in sales and profits in 2013

Mergers, Acquisitions and Financial Results

The Senegalese telco Sonatel has reported an 11.1% increase in net profit for full year 2013 to XOF189.6 billion (USD397 million). Sonatel, which is backed by France’s Orange Group and has operations in Senegal, Mali, Guinea and Guinea-Bissau, said revenues for the year to 31 December 2013 climbed 11.3% to XOF738.3 billion. It reported 22.0 million mobile customers across its four countries of operation, up from 17.9 million twelve months earlier, with 7.5 million in Senegal, 10.8 million in Mali, 3.2 million in Guinea and 477,000 in Guinea-Bissau. In addition, it also claimed 293,000 fixed line telephony customers in its domestic market, up 4% year-on-year. Senegal contributed 58% of group turnover, with Mali bringing in 30%, Guinea 10% and Guinea-Bissau 2%.