Rwanda clears two firms for licence bids

12 Oct 2007

Libyan firm LapGreen Network and South African cellco Vodacom have qualified to bid for a 70% stake in Rwandatel, the state-owned fixed and mobile phone operator. ‘We are now going to invite each one of these two companies separately for negotiations on both their technical and financial offers… from that stage we will come up with an overall winner,’ said Manasseh Twahirwa, an official of Rwanda’s privatisation unit. Six companies, including Kuwaiti-owned Zain Group and Jordan’s V-Tel, had shown interest in the operator in Rwanda. In July, the state bought back Rwandatel for USD12 million having previously sold it to Terracom for USD20 million, saying the new owners had failed to deliver on contractual obligations such as rolling out a new mobile network.

Rwanda, Rwandatel, Vodacom Group