Telco S.A. seeks to expand its current network in Comoros and refinance existing shareholder bridge loans. For this purpose, the Company has invited IFC to consider the provision of US$16 million senior debt.
Telco SA commenced operations in December 2016 as the second mobile operator following the liberalization of the telecommunications sector and a successful bid process for the second license in Comoros. The Project Sponsors are Telma Mobile SA (a mobile national operator in Madagascar) and NJJ Indian Ocean S.A.S (a telecommunications investment company). Telco SA is a private company owned 50% by NJJ Indian Ocean S.A.S, 15% by Societe Financiere Malgache LTEE and 35% by Telma Mobile SA. The ultimate beneficiary owners are mainly Mr. Hassanein Hiridijee and Mr. Xavier Niel.
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Alliance franco-comorienne, Rivka 2eme stage, Moroni, Comores
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