Axian, ECP to acquire majority stake in Togo state telco -govt

15 November 2019

Mergers, Acquisitions and Financial Results

A consortium composed of private equity firms Axian Group and Emerging Capital Partners will acquire a 51% stake in Togo’s state telecommunications company, Togocom, the West African nation’s government said on Thursday.

 

The consortium - Agou Holding - plans to invest 245 million euros ($271 million) in the company over the next seven years to improve international connectivity and expand Togocom’s high-speed fibre and mobile networks. ($1 = 0.9020 euros)

Source: CNBC