Togo to Sell 51% of State Telecom to International Partnership

Togo accepted an offer from Agou Holding, a consortium of Axian Group and Emerging Capital Partners, to acquire a 51% stake in Togocom, the government said in an emailed statement.

* Togocom, which includes Togo Telecom and Togocel, has an enterprise value of 210 billion CFA Francs, it said;
* Consortium intends to invest EU245m over the next seven years “to revolutionize the digital sector” in the West African nation. Source: Bloomberg