Telecoms – In brief
Employees at Malian fixed line incumbent Societe des Telecommunications du Mali (SOTELMA) are now finally stakeholders in the company, Agence Ecofin reports. It was confirmed at a meeting of the National Telecommunications Union (Syntel) last week that following the redistribution of shares SOTELMA employees now hold 10% of the telco’s stake, while Morocco Telecom remains the largest shareholder with its 51%. Local investors meanwhile are said to account for 20% of the company stock, while the remaining 19% is in the government’s hands.
NATCOM Consortium, the new parent company of incumbent fixed line operator Nigeria Telecommunications (NITEL) and its subsidiary Nigerian Mobile Telecommunications Limited (M-Tel), has finalised plans to roll out 4G LTE services in November 2015. According to AllAfrica, operations will be provided under the NTEL banner, with the network initially covering Lagos, Abuja and Port Harcourt, before expanding to other cities across the country. The network is now undergoing tests in preparation for the commercial launch, and subscribers are said to already be signing up for the service.