Axian is owned by the Hiridjee family, a French family of Indian background, who settled in Madagascar 150 years ago and set up business in the textile industry. The largest and most populous island in the Indian Ocean, Madagascar has a natural role to play as an engine of regional development.
The Indian Ocean region has huge potential. With average economic growth of around 4%, largely service-driven economies, a strategic position at the crossroads of two continents, 10 international and regional airports, and a young and educated population of over 30 million, the Indian Ocean islands offer a wealth of opportunities.
It’s therefore quite natural that Axian is building its presence in the region. In addition to Madagascar, with Telma, TOM, Jovenna, EDM, First Immo and BNI, Axian now operates in La Réunion and Mayotte, where we recently acquired Outremer Telecom’s mobile business (Only) and created Télécom Réunion Mayotte (TRM), and in the Comoro Islands, where we’ve been awarded a mobile license and have set up Telco SA.