50% of Gamtel/ Gamcel Sold

Thursday, August 23, 2007

As Govt Approves Strategic Partnership

The government of The Gambia has approved a strategic partnership for Gamtel / Gamcel in a bid to salvage the one-time leading institution in The Gambia, a press release from the Department of State for Communications and Information Technology announced yesterday.

“It would be recalled that Gamtel over the last years had deteriorated in service provision, accessibility and quality of service. It is also experiencing stagnation in network expansion and subscriber base,” states the release, adding: “Furthermore Gamtel was near bankruptcy and is heavily indebted”.

According to the release, the government of The Gambia consequently has been reviewing various proposals for s strategic partnership to give Gamtel the needed boost to enter into new business models, new technology, with a view to providing high quality and affordable telecommunications services.

The approved strategic partner is Spectrum Group, a company with investments in many industries throughout the region.”

The release further states that the government and the new shareholder have jointly assigned Detecon International as the consulting and management partner. Detecon International is a German Company with more than 30 years international experience in telecommunications and other related industries.

The two-page release from the Department of State for Communication and Information Technology went on to point out that more and more countries around the world are taking favourable advantage of the benefits of strategic partnership and that The Gambia is no exception.

Meanwhile, the Consulting firm, Detecon, has taken over the strategic management of the Company.

It could be recalled that 50% of the shares of Gamtel, Gamcel, was sold on August 1st, this year.

Author: By Alhagie Mbye
Source: The Point
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