Morocco’s telecommunication company, Maroc Telecom, has been shortlisted to buy 51% of Mali’s state-owned Telecommunication Company, Sotelma, after a tight competition with 15 other world telecommunication companies.
PANA reported today that the shortlisted companies will submit tenders to the Mali government to buy Sotelma, informed sources in Rabat said.
Other companies which have their eyes on buying Sotelma include MTN, Deutsch Telecom, Vodafone, Portugal Telecom, Saoudia Telecom and Orascom, the sources said.
It added that the Maroc Telecom bid is “a very serious one” given its performance and experiences in Mauritania, Burkina Faso and Gabon where it had won calls for tenders for taking over those countries’ telecommunication companies.
The privatization of Sotelma involves the transfer of 51% of the capital to a strategic partner, while 19% will be transferred to the general public and 10% is set aside for the company’s staff, leaving 20% for the state.
Turnover of Sotelma at the end of last year was about 107 millions euros. It has a stock of around 90,000 fixed lines and 480,000 GSM subscribers.