The European Investment Bank ( EIB ) is providing a US$100 million financing package to Axian Telecom to support the expansion of its mobile broadband network infrastructure across Madagascar and Tanzania.

The project will expand 4G mobile broadband network infrastructure across the two countries while continuing the introduction of 5G coverage.

Of the US$100 million financing, US$60 million will be assigned to Tanzania and US$40 million will go to Madagascar.

"This new large-scale network investment will pave the way for socio-economic growth, digital inclusion, and better opportunities,“ says Axian Telecom chief executive officer Hassan Jaber.

Axian Telecom is a pan-African telecommunications service provider operating in nine markets through its subsidiaries and affiliates in Tanzania, Madagascar, Togo, Uganda, Democratic Republic of the Congo, Senegal, Réunion, Mayotte, and the Comoros. It operates across three key business segments, providing mobile and fixed networks as well as digital infrastructure and mobile financial services.  

The company is Africa’s sixth largest mobile operator serving more than 44 million customers, and has expanded through active acquisitions and heavy network investments since 2015. The company has unified its mobile network operators in Madagascar, Comoros, Senegal, Togo and Tanzania under a single brand, Yas, while its fintech operations in Tanzania, Togo and Senegal are now branded as Mixx by Yas.