Weather
Monte-Carlo, FR
broken clouds
10.1 ° C
13 °
5.6 °
47%
9.8kmh
75%
Wed
13 °
Thu
13 °
Fri
12 °
Sat
12 °
Sun
12 °
Breaking News

Rolling strike action in France continues to disrupt train services to and from Monaco

Kabul attack a blow to Monaco Telecom

Kabul attack a blow to Monaco Telecom

By Staff Writer - June 4, 2017

roshanLast week’s terror attack in the Afghan capital left 90 dead and more than 400 injured, and caused considerable damage to Kabul’s infrastructure.

While the target of the attack claimed by ISIS may have been the German Embassy, the local affiliate of Monaco Telecom – Roshan – suffered severe damage. The company has estimated that a third of the victims of the outrage were employees of the company, whose HQ in the country is directly opposite the Ambassador’s residence.

Monaco Telecom owns a 36.37 percent operating stake in the mobile operator, which describes itself as a true Afghanistan success story.

“Since its inception in 2003, Roshan has invested approximately $700 million (€620 million) in Afghanistan and is the country’s single largest private investor and taxpayer, contributing approximately five percent of the Afghan government’s overall domestic revenue. Roshan directly employs more than 900 people, 20 percent of whom are women, and provides indirect employment to more than 35,000 people,” the company says.

The majority shareholder in Roshan is the Aga Khan Fund for Economic Development, with 51 percent of the company. With Telia owning 12.25 percent, Monaco Telecom is the chief technological partner of the company.

Monaco Telecom has major stakes in telecoms operators in Kosovo and Mali. French businessman Xavier Niel acquired Monaco Telecom in 2014.

READ ALSO

MonacoTech launches website, startups invited to submit applications

READ ALSO

Monaco Telecom has fastest network

 

shares
SHARE
Previous articleIUM’s International Scientific Council meets
Next articlePrince welcomes ocean pioneer at Yacht Club

daily

January 16, 2020 | Local News

There’s a new bailiff in town

Stephanie Horsman

Monaco has a new bailiff, or huissier as known locally, who was sworn in earlier this week.

0
January 14, 2020 | Local News

Monaco crime rates continue to fall

Stephanie Horsman

General crime rates in the Principality dropped by a significant 16% between the years 2016 and 2019, and street crime by an impressive 52%.

0
Stephanie Horsman

As part of the newly approved Palais Honoria housing project, a gantry will be installed above Boulevard de Belgique, creating temporary traffic impediments in the area.

0
Cassandra Tanti

Thomas Fouilleron, Director of Archives and Prince's Palace Library, and Colonel Tony Varo, Superior Commander of the Public Force, have been distinguished by the French High Authorities.

0