Axian Telecom Explained

Axian Telecom Limited
Type:	Private
Industry:	Telecommunications, Media
Location:	Ebène, Mauritius
Area Served:	Africa
Products:	Mobile, broadband, Mobile Financial Services
Revenue:	US$1.1 billion (2023)
Operating Income:	US$232 million (2023)
Net Income:	US$55 million (2023)
Assets:	US$3.2 billion (2023)
Equity:	US$305 million (2023)
Owner:	Axian Group Ltd (100%)

Axian Telecom is an investment holding company primarily in entities operating in the telecommunications services, ICT infrastructure and mobile money services across Africa sector.^[1] The company was founded in 2003 and maintains its headquarters the Standard Chartered Tower, 10th Floor, 19 Cybercity, Ebène, Mauritius.^[1]

Subsidiaries and investments

The companies that compose the Axian Telecom include, but are not limited, to the following:

• Free Sénégal (trading as "Yas Sénégal") – Dakar, Senegal – 78.4% Shareholding – A telecommunication company in Senegal. Acquired in 2020.^[2]
• MIC Tanzania Limited (trading as "Yas Tanzania") – Dar es Salaam, Tanzania – 78.4% Shareholding – A telecommunication company in Tanzania. Acquired in 2022.^[3]
• Stellar-IX Data Centers – Ebène, Mauritius – 100% Shareholding – Holding company for the Stellar-IX companies. These subsidiaries provide Data center services.
  • Stellar-IX Tanzania – Dar es Salaam, Tanzania – 80% Shareholding
  • Stellar IX Madagascar – Antananarivo, Madagascar – 100% Shareholding
• Telecom Comores – Moroni, Comoros – 43.3% Shareholding – A telecom operator in Comoros. Acquired in 2016.
• Telecom Malagasy SA (Telma) – Antananarivo, Madagascar – 80.8% Shareholding – A telecom operator in Madagascar. Acquired in 2005.
• Telecom Reunion Mayotte – Réunion, France – 50% Shareholding – A telecommunication company operating in Reunion and Mayotte. Acquired in 2015
• Togo Telecom – Lomé, Togo – 51% Shareholding – A telecom operator in Togo. Acquired in 2019.
• Towerco of Africa Ltd – Ebène, Mauritius – 100% Shareholding – Holding company for the Towerco subsidiaries. These subsidiaries construct and operate of telecommunication infrastructures such as base station towers.
  • Towerco of Africa DRC – Kinshasa, DR Congo – 70% Shareholding.
  • TowerCo of Africa Uganda Limited – Kampala, Uganda– 90% Shareholding – Formally known as Ubuntu Towers.^[4] Acquired in 2021.
  • Towerco of Africa Madagascar – Antananarivo, Madagascar – 99.7% Shareholding.
  • Towerco of Africa Tanzania Ltd – Dar es Salaam, Tanzania – 80% Shareholding.
• Zanzibar Telecom Limited (trading as "Zantel") – Dar es Salaam, Tanzania – 78.4% Shareholding – A telecommunication company in Tanzania. Acquired in 2022
• BNI Madagascar Indian Ocean – Antananarivo, Madagascar – 33.1% Shareholding – A commercial bank operating in Madagascar. The investment was as a result of a joint venture with Mauritius based Ciel. ^[5]

Ownership

Axian Telecom is a wholly owned subsidiary of Axian Group Limited. Which is in turn owned by Hassanein Hiridjee, a Malagasy born, French entrepreneur of Khoja decent.^{[6] [7]}

Governance

The seven-member board of directors is chaired by Hassanein Hiridjee. Hussan Jaber, serves as the CEO.^[8]

Notes and References

1. Web site: 31 December 2023 . Axian Telecom Consolidated And Separate Financial Statements For The Year Ended 31 December 2023 . 1 December 2024.
2. Web site: 24 July 2023 . AXIAN TELECOM TO ACQUIRE A FURTHER 40% STAKE IN FREE in SENEGAL . 4 December 2024 . AXIAN Telecom.
3. Web site: 2021-04-19 . Millicom completes move out of Africa as it sells Tigo Tanzania and Zantel . 2022-03-30 . Capacity Media.
4. Web site: O'Grady . Vaughan . 24 July 2023 . Ubuntu Towers Uganda is now TowerCo of Africa Uganda . 3 December 2024.
5. Web site: 11 June 2024 . Mauritius’ CIEL & Madagascar’s First Immo buy 51% stake in BNI bank . 4 December 2024.
6. Web site: June 25, 2018 . HASSANEIN HIRIDJEE . 2023-06-12 . Khoja Business Forum . en.
7. Web site: Ten Multi-Millionaires From Madagascar You Should Know . 2023-06-12 . Forbes . en.
8. Web site: 31 December 2023 . Axian Telecom Investor Presentation - December 2023 . 1 December 2024.