PT transfers Guine Telecom, Guinetel management to government

7 Jul 2008

Portugal Telecom (PT) has formally concluded the transfer of the management of fixed line PTO Guine Telecom and mobile operator Guinetel to the government of Guinea-Bissau, reports the local Lusa News Agency citing officials as saying. On 15 May 2008 CommsUpdate reported that the decision to transfer PT’s management of the two operators had been agreed in principle after the Portuguese firm effectively turned its back on the two companies. In a statement at the time the government said: ‘with the prolonged absence of PT and its refusal to call together the governing bodies of Guine Telecom and Guinetel, abandonment has been confirmed.’ It went on to say that it had rejected a call from the Portuguese firm to sell its stake in the GSM operator to a buyer of its own choice. It is understood the transfer of control to the government was formalised at the end of last week.

Guinea-Bissau, Guinetel