Six bid for Camtel

21 Mar 2006

The Cameroon government is reported to have received at least six bids for the 51% stake it is selling in state owned telco Cameroon Telecommunications (Camtel). The government revealed plans to sell part of Camtel earlier this month, and France Telecom was thought to be interested in acquiring the stake. The French telco has declined to comment on whether it has, or plans to make a bid. The auction was initially scheduled for 17 March but has now been pushed back to the end of the month. The government wants to sell the stake either to a single telco or to a consortium led by one. Camtel had 110,000 fixed line customers at the end of 2005

Cameroon, CamTel