Did Madagascar’s Top Telco Lose Investors When It Needed Them The Most?

In August 2020, Madagascar switched on its first commercial 5G service, making it one of the first 5 African countries to have the 5th-generation connection.

One of the fastest-growing telecom markets in sub-Saharan Africa, the East African island nation is also home to one of the continent's fastest internet speeds.

But when a consortium of investors decide to dispose of a 16 percent stake in Orange Madagascar, a leading mobile operator in Madagascar and Francophone Africa, the situation seems turned on its end.

Why divest your share in one of the most valuable Malagasy companies 10 years after investing, and at a point where the nation's mobile market is at a tipping point?