Wednesday, May 4, 2011

New investor sought for Rwandatel

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Rwandatel may seek a foreign investor if a local court does not liquidate the debt-laden telecoms firm, management has said. Rwanda’s telecoms regulator stripped Rwandatel of its mobile licence for failing to meet key performance targets in terms of investment, network roll-out, coverage and quality of service.

The company, 80 per cent owned by the Libyan African Investment Portfolio (LAP), acquired its operating licence in 2007 but only started mobile operations in December 2008. The

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