The acquisition will enable Telecel to position itself as a market disrupter of the traditional model of services in Africa.
Mattel is a major player in the ICT sector and digital transformation in the country. As such, Mattel plays an essential role in the development of broadband in Mauritania through its 4G and fiber optic infrastructures deployed in the main cities of the country.
The company holds nearly 33% market share and in 21 years of existence, Mattel has constantly modernized its network thanks to the latest generation of technical equipment and the know-how of its engineers.
The platform offers its services throughout the country with a network of more than 120 agencies spread throughout the national territory.
Telecel is a mobile operator present in Africa since 1986. The Group is experiencing robust growth on the continent.
It has completed four transactions since 2018. The company plans to invest more than US$700 million over the next 3 years, mainly in mobile operator acquisitions, fiber optic infrastructure construction, and infrastructure.
Thanks to its activities, Telecel Global Services, Telecel Play, and the Africa Startup initiative Program have become major players in the digital economy in Africa.
“After a competitive process, we are pleased to announce that Telecel Group has been selected for the sale transaction of Mattel’s shares,” says Mattel Shareholders.
“We are satisfied with the interactions with the Telecel group and remain confident for the rest of the process.”
Telecel Group currently operates in four different verticals all under the telecom industry; Telecel Mobile owns and operates several mobile operators in Africa and Europe.
Telecel Global Services, the B2B arm of the Group, provides wholesale, enterprise, and digital security services to telecom operators and companies worldwide.
The platform also operates, Telecel Play, a digitized platform disrupting retail and the fintech ecosystem on the continent, and Africa Startup Initiative Program, which targets innovative start-ups in Africa and offers them support and guidance.