Sonatel [SEP] parent company
Sonatel
Sonatel "(Société Nationale des Télécommunications du Senegal)" is the principal telecommunications provider of Senegal. The company is active in fixed line telephony, mobile telephony, internet service, television and corporate telecommunications. The company is involved in the construction of fiber optics networks in Africa and manages 2,200 kilometers of fiber cable in Senegal.
The headquarters of the company are located in Dakar, the capital of Senegal. Orange S.A. owns a 42.33% controlling stake in Sonatel, which is listed on the Bourse Régionale des Valeurs
of the Libyan LAAICO company and the Chinese ZTE. The ZTE majority consortium reportedly paid 11.8 billion FCFA, beating out FranceTelecom and SONATEL The government of Niger continued to hold 34.11% of the company, with private investors taking 11%, the 1300 employees of SONITEL holding 3%, and France Câbles & Radio – who had been a stakeholder in STIN, 0.89%. In 2004, SONITEL's mobile phone arm SAHEL-TEL was opened up to face foreign competition, but SONITEL continued to hold a monopoly on Internet communication