In brief

9 February 2018

Mergers, Acquisitions and Financial Results

Gabonese press reports, UK MVNO giant Lycamobile Group has resumed discussions with Azur Gabon over a rescue package for the stricken cellco, which is currently owned by Lebanese holding company Bintel Group. A Lycamobile delegation has reportedly staged talks with Alain-Claude Bilie-By-Nze, Gabon’s Minister of Digital Economy, regarding a takeover, and has pledged to clear the company’s debts. Previously, in November 2017, Bintel and Lycamobile signed a contract which would see the two parties work together on the development of international traffic, the financing of cash requirements, and the deployment of 3G in Gabon and 4G in the Central African Republic (CAR) and the Republic of Congo. However, the Gabonese unit has subsequently been threatened with the revocation of its licence – for poor service – casting doubts over its future.