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Rwanda: Government receives six bids for Rwandatel Print E-mail
Thursday, 20 September 2007
There are six bidders for Rwandatel, Rwanda's state-owned fixed and mobile operator. In August, the government offered to sell up to a 70% stake in the firm.

The six bidders are Vodacom, Celtel, V-Tel Holdings of Jordan, Bit Map from Singapore, Uganda's LapGreen Network and Rwanda's R-Com.

"We are looking for a strategic investor with capacity to develop the sector by improving the quality of services and meeting the ever increasing expectations of telecommunications market in Rwanda," Rwandatel said.

Rwanda’s telecommunications sector is dominated by South African firm MTN. MTN Rwanda's chief operating officer said the company’s subscriber figures have doubled to 500,000 in the last year.

Source: Reuters - WDR/Intelecon Regulatory News.