NFS is striving for a stock exchange listing via a merger with HPI AG (DB:CEW3). At the Mobile World Congress Barcelona 2017, NFS, the holding company of Telecel and Telecel Globe Limited, announced its strategic plan for entering the capital markets via a merger with HPI AG and its intention to invest more than €100 million in the Telecom sector in Africa. The funds will accelerate the development of Telecel operations across the African continent and will be used for the acquisition of multiple assets. Malek Atrissi, Director and Chgief OIperating Officer of Telecel Global, said “The upcoming investments will reinforce our footprint in the African continent, and will ensure that we can contribute to the socio-economic benefits of the citizens across the region”. Under the strategic plan, Telecel Central Africa is to reinforce its market leadership position in the Republic of Central Africa, and NFS is to close M&A deals under negotiation, including the acquisition of MNOs in various African markets. Nicolas Bourg, a founding partner of NFS, said, “We have proven track records in challenging markets like Central Africa and we want to leverage our expertise in other African markets. We are committed to bring state-of-the-art services to the African Nations”.