Mauritius Telecom, the main telecommunications service provider in Mauritius, has appointed 40-year-old Sherry Singh its new Chief Executive Officer to replace Sarat Lallah, who has been around for the past nine years, PANA reported from the Mauritian capital, Port Louis.
Singh has long worked for Mauritius Telecom’s competitor ‘Emtel’ and also for several telephone operators in Great Britain, Sweden, Sri Lanka and Cambodia.
Mauritius Telecom, the primary provider of voice, mobile, Internet and data communication services in the island, was established in 1992 following the merger of Overseas Telecommunications Services Ltd and Mauritius Telecommunication Services Ltd.
Mauritius Telecom entered into a strategic partnership with Orange (formerly France Telecom) with a view to strengthening and securing its market share, pending the total deregulation of the telecommunication sector in Mauritius in November 2000.
It is now one of the top companies in the island with revenue of Mauritian Rupees 8.4bn (around US$ 280m) in 2013.
Mauritius Telecom’s shareholders are the Government of Mauritius, the State Bank of Mauritius and the National Pensions Fund that hold 59% of the shares in the company while 40% is held by Orange and the remaining 1% by eligible employees and pensioners.
So far, the firm has invested in Orange Madagascar and holds a 90% share in Vanuatu Telecom since 2011.
At the end of December 2013, Mauritius Telecom had about 1.3 million subscribers for its fixed-line, mobile, internet dial-up, broadband and My.T convergent services. It also has several fully owned subsidiaries.