Blue Cloud Softech shares rise 1.3% as company signs Africa telecom pact with GCIB, Afro Mobile
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Blue Cloud Softech shares rise 1.3% as company signs Africa telecom pact with GCIB, Afro Mobile
The memorandum is a strategic cooperation framework and does not involve any financial commitment or assured revenue for the company.
Moneycontrol News
August 20, 2026 / 10:06 IST
Afro Mobile SARL is a telecommunications and digital infrastructure company (Representative Image)
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Blue Cloud Softech Solutions shares were in green in morning trade on Thursday after the company announced signing a strategic memorandum of agreement with the Global Council for Investment and Business for Africa (GCIB) and Afro Mobile SARL.
Blue Cloud Softech Solutions shares were trading 1.38% higher on the BSE at 9:45 am on Thursday.
Under the agreement, signed for an initial term of five years and renewable by mutual written agreement, Blue Cloud Softech will act as the Lead Technology and Digital Transformation Partner. GCIB will serve as the Strategic Development & Investment Partner, while Afro Mobile will act as the Digital Infrastructure Partner.
The agreement establishes a strategic partnership framework for the identification, structuring, financing, development, implementation, operation and commercialisation of telecommunications projects across Africa, the company said.
The partnership will cover national fibre-optic backbones, 4G/5G network infrastructure, international connectivity, telecom towers and passive infrastructure, digital public infrastructure, and satellite connectivity.
Afro Mobile SARL is a telecommunications and digital infrastructure company incorporated under the laws of the Republic of Côte d’Ivoire.
The memorandum is a strategic cooperation framework and does not involve any financial commitment or assured revenue for the company.
Moneycontrol News
first published: Aug 20, 2026 10:06 am
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Duhita Thapliyal
