Telecel, MTN forge strategic partnership in Africa

Telecel Group, a major player in mergers and acquisitions in Africa, is making strategic moves to expand its presence in the West African region. In a recent interview with CNBC Africa, Group CEO and Co-Founder of Telecel, Moh Damush, revealed the company's latest partnership with MTN and their acquisition plans in West Africa. Damush highlighted Telecel's growth strategy through acquisitions, citing recent deals in Liberia, Congo DRC, Central African Republic, and Ghana where they acquired Vodafone. The focus on digitalizing mobile users in West Africa reflects Telecel's commitment to enhancing connectivity and infrastructure in the region. As the demand for internet services continues to rise, especially in light of recent connectivity challenges in East Africa, Telecel recognizes the importance of creating a robust digital infrastructure. Damush emphasized the need for increased investment in infrastructure to support the growing digital economy across Africa. He acknowledged the role of alternative connectivity solutions like satellite technology and partnerships with companies like Link to improve coverage and connectivity in underserved areas. Telecel's investment focus is primarily on expanding 4G coverage and fiber-to-home connectivity in various African countries. The company has made significant strides in enhancing network infrastructure, with the launch of 500 4G sites in Ghana and investments in rural connectivity in countries like Liberia and Congo DRC. Through partnerships and innovative solutions, such as the agreement with Link for satellite coverage, Telecel aims to provide reliable connectivity to remote regions and underserved populations. In response to the industry-wide shift towards technological innovation, Telecel has embarked on harnessing AI to enhance service efficiency and customer experience. The establishment of Telecel AI, a specialized business unit within the group, underscores the company's commitment to integrating AI into its products and management systems. By leveraging AI technology, Telecel has been able to accelerate project timelines and develop new services, such as a micro wealth management solution for mobile money users. This move not only improves the accessibility of financial services but also demonstrates Telecel's dedication to data protection and regulatory compliance. In conclusion, Telecel's strategic partnership with MTN, coupled with its expansion plans and technological innovations, positions the company as a key player in driving digital transformation and connectivity in Africa. With a focus on investing in infrastructure, leveraging AI, and expanding network coverage, Telecel is poised to play a significant role in shaping the future of telecommunications in the region.