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Rwanda seeks buyers for stake in telecoms operator Print E-mail
Friday, 17 August 2007

Rwanda’s government intends to sell as much as 70% Rwandatel.

Three weeks ago, Rwanda’s government bought back Rwandatel for US$ 12 million, having sold it to private firm Terracom for $20 million. Terracom was forced to sell due to poor management and failing to deliver on contractual obligations, including the roll-out of a new mobile network.

"Privatisation Secretariat invites internationally recognised and reputable telecommunications operators or consortia to acquire the bidding documents and submit their bids for the acquisition of a majority stake up to 70 percent in Rwandatel/Terracom SA," the bid document said.

Interested bidders are to submit technical and financial proposals by September 5. Bidders are also required to have the financial resources necessary to implement a plan to boost telecommunications in Rwanda.

Source: Reuters - WDR/Intelecon Regulatory News.