50% of GamTel sold, says paper

10 Aug 2007

Gambian newspaper The Point reports that the country’s government has agreed to sell 50% of national incumbent fixed line operator GamTel, owner of GSM operator Gamcel, to a Lebanese-owned company called Spectrum. The sale of the government’s stake is said by the paper’s unnamed source to have taken place with effect from 1 August 2007. As part of the terms of the sale, Spectrum has reportedly agreed to install a management team, to work alongside officials of the fixed line and mobile units. German consultancy DeTeCon is reported to have won the management contract, although the details have not been confirmed by the state or the companies in question.