Camtel piques foreign interest

10 Apr 2006

According to the Cameroonian government, it has received preliminary bids for a 51% stake in Cameroon Telecommunications (CamTel) from investors based in Europe, the Middle East, Africa and Asia. At least six bids were reportedly received by the mid-March closing date, with a number of other bids being submitted at the end of the month, after the deadline was extended. A second round of bidding is expected to get underway within the next couple of months.

Cameroon, CamTel