[Senegal] Sonatel acquires Gambia’s Xoom Wireless
Sonatel has announced that it has entered into an agreement for a 91.6 per cent acquisition of XOOM Wireless, which holds an Internet Service Provider (ISP) license in The Gambia.
The acquisition is in partnership with TERANGA Capital, which will take a minority stake in the company's capital.
Sonatel is consolidating its leading position in the telecommunications sector in West Africa, thanks in particular to the external growth strategy implemented for several years.
In addition to its historic market in Senegal, growth operations have enabled Sonatel to maintain strong and dynamic market shares in four countries: Mali, Guinea, Guinea Bissau and Sierra Leone.
The planned investments over the next few years in The Gambia will allow people to benefit from the expertise and dynamism of the Sonatel and Orange Groups in terms of innovation and development of the digital ecosystem.
The agreements obtained are subject to approval by the Gambian authorities.