Togocom paid CFA15.4 billion in State dividends since privatization

Telecom

Monday, 22 January 2024 17:28

Togocom paid CFA15.4 billion in State dividends since privatization

(Togo First) - Over the past three years, Togocom has paid about CFA15.4 billion in dividends to the Togolese State. In detail, the telecom operator paid CFA7.08 billion in 2023, CFA6.1 billion in 2022, and CFA2.3 in 2021. TogoFirst obtained the data.

This year, the State expects around CFA7 billion in dividend payments from Togocom.

The increased dividends payment mirrors a healthy telecom sector, spurred by digitalization, and good finances for Togocom.

Togocom is the fruit of a merger between mobile operator Togocel and Togo Telecom, a landline telephony and internet service provider. The State owns 49% of the group. The remaining 51% are held by a consortium composed of Axian & Emerging Capital Partners. The consortium took over Togocom in November 2019. The following year, Togocom did not pay any dividends to the State.

Fiacre E. Kakpo

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