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SkyVision buys Afinis from Monaco Telecom

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SkyVision Global Networks has acquired Afinis Communication from Monaco Telecom.

Afinis is a leading provider of connectivity solutions in francophone Africa, specialising in direct sales to corporate market segments focusing on markets such as energy, mining, finance, telcos and international institutions.

Afinis has local offices and licensing in Burkina Faso, Guinea and Senegal. Each of these entities will now be owned by SkyVision and will carry the SkyVision brand.

Afinis will bring complementary and valuable capabilities to SkyVision, providing immediate benefits to its potential and existing customer base. Afinis’ strong presence in Africa’s French speaking countries is complementary to SkyVision’s market leading position in Nigeria, east, central and southern Africa.

The transaction will reinforce SkyVision’s strategy of developing a continentwide local presence.

“Afinis is a leader in the francophone market where it has built a strong market presence and a deep understanding of corporate market requirements,” says Doron Ben-Sira, CEO of SkyVision Global Networks. “Our vision is to leverage Afinis’ extensive knowledge, particularly in oil and gas, mining and financial services. We look forward to welcoming the Afinis team into SkyVision and to continue offering customers the superior service they are accustomed to.

“Following our recently established subsidiary, SkyVision South Africa, the acquisition supports SkyVision’s goal of firmly establishing the company as one of largest satellite operators in emerging markets offering true Pan-African coverage and presence.”

Denis Martin, CEO of CWC’s Monaco & Islands business, comments: “I’m delighted about the prospects for Afinis as part of the SkyVision Group. SkyVision has built a good reputation for satellite communications in Africa, and Afinis customers will benefit from the combined business’ increased scale and strong customer service.”