GT secures USD40 million in bonds to expand, upgrade networks

20 Mar 2006

Ghana Telecom (GT) has secured USD40 million in bonds to expand and upgrade its networks, as it looks to meet government targets on telecoms access, particularly for those in rural areas. GT, which has the biggest market share in the fixed line segment and 40% of the country’s mobile telephony sector, has had its expansion projects delayed for almost a year following a legal wrangle between its previous minority shareholder, Telekom Malaysia, and the government over a USD150 million loan from Alcatel and a local syndicated loan of USD60 million.

In a related story, GT says it is deploying wireless access technologies in some parts of the country to replace old cable networking systems that are difficult to maintain and trace faults on, particularly when they are underground. The carrier is opting for Fixed Cellular Terminal (FCT) technology, which is being supported by its new strategic partner Telenor.

Ghana, Vodafone Ghana