Rwandatel privatisation completed

21 Jun 2005

The government of Rwanda has sold a 99% stake in national telco Rwandatel to IT services provider Terracom Communications. The USD20 million deal wraps up a privatisation process that began in February 2004. Terracom, which beat two other bidders to take control of the operator, specialises in deploying low-priced fibre-optic networks and wireless solutions. It says it intends to reduce prices for fixed line customers and expand the country’s existing fibre-optic and wireless infrastructure; Rwanda has one of the largest fibre backbones in the region, extending to approximately 1,000km.