The market value of the National Telecommunications Office (ONATEL), the main telecommunications operator in Burkina Faso, jumped on the WAEMU Regional Stock Exchange (BRVM) based in Abidjan, Côte d'Ivoire. On Monday, March 2, 2020, for the first session of the week, it posted the largest increase (+7.5%) and the largest volume of securities traded (5,191). It must be said that many investors, especially those who favor the annuity strategy, were eagerly awaiting the opening of the market. On a stock exchange where the dividend yield is closely followed, the value of ONATEL, which had lost 34% over the 12-month period ending February 28, 2020, has risen again. Its stock market underperformance has been an opportunity for those looking for short-term profitability. Although the net dividend for the 2019 financial year, forecast at CFAF 398 per share, is down compared to that for the 2018 financial year (CFA 409.3), it represented a profitability of nearly 14% compared to the share price on February 28, 2020. A level sufficient to justify the enthusiasm in a market where the average profitability is 11.34%, according to the latest bulletin of the rating published by the BRVM. However, some observers of the regional financial market of the West African Economic and Monetary Union (WAEMU) urge caution. They rightly point out that the company, beyond double-digit growth (+12%) in its customer base, has experienced a decline in its financial performance for the second year in a row. The subsidiary of the Maroc Telecom group announced a 3% drop in turnover. Taken in US dollars, based on an accounting calculation aligned with international standards (IFRS), revenue was down 6.8% in 2019, more than the 2.3% decline conceded in 2018 over 2017. This decline suggests that new customers added to the company's network are not necessarily heavy consumers. ONATEL also announces a series of initiatives that are akin to investments. This includes investing in 4G, continuing with the cost optimization strategy or continuing with the acquisition of new equipment. The recently published financial information does not provide details on how these commitments will be translated.