Telecel Group has finally completed its acquisition of Mattel Mauritania from Tunisie Telecom and Comatel for an undisclosed fee.
In a statement, Telecel noted Mattel is its fifth acquisition since 2018 and pledges to invest more than US$700 million over the next three years in further mobile operator acquisitions, fibre optic construction and mobile infrastructure expansion.
Mattel was the first operator to launch in the West African nation of Mauritania when it deployed services in May 2000. The operator is the smallest player in the ICT and telecoms sector commanding a 33% market share in the African nation but has deployed 4G and fibre in Mauritania’s largest cities. The company has over 120 locations across the country to provision its services.
Mattel shareholders said: “After a competitive process, we are pleased to announce that Telecel Group has been selected for the sale transaction of Mattel’s shares. We are satisfied with the interactions with Telecel Group and remain confident for the rest of the process.”