Telecom: Netis Group welcomes Amethis, Africinvest, Proparco and IFC in its shareholding

Telecom
Friday, 01 December 2023 19:21
Telecom: Netis Group welcomes Amethis, Africinvest, Proparco and IFC in its shareholding

(Togo First) - There has been a major change in the shareholding of Netis Group, the telecom group that provides fiber optic for Canalbox (GVA) and Togocom in Togo.

Netis’ majority stakeholder, Enko Capital, confirmed it sold its stake in the group to a consortium of investors. The latter include Amethis, the investment fund connected to the Rothschild family, Africinvest, the equity firm, and other big names like the AFD’s Proparco and the World Bank’s IFC.

Launched in 2009, Netis currently covers 14 countries, including Togo. In 2018, Enko Capital joined the group’s capital, accelerating its growth and pushing it among the top fiber optic designers and builders in Africa.

Netis has been operating in Togo since 2017. It provides fiber optic to Canalbox (GVA) and Togocom. The two rivals are the only firms that offer this service in the country.

Fiacre E. Kakpo

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