Spectrum denies rumours of exit from Gamtel, Gamcel

7 Aug 2008

Gambian telco Gamtel has denied claims by local press earlier this week that the incumbent had cancelled the management contract of its 50% shareholder Spectrum after one year, after it came up for renewal on 1 August. The Gambian government sold a 50% stake in fixed line operator Gamtel and its mobile subsidiary Gamcel in August 2007 to Spectrum, a privately owned Lebanese holding group, which entered into a management contract in partnership with DeTeCon International of Germany. Gamtel/Gamcel issued a joint statement which said that ‘the information [originally reported in newspaper The Point]…is completely misleading to the public, and as far as the Gamtel and Gamcel management is concerned, business is as usual.’ The statement added that a public announcement would follow shortly, which would detail new projects and activities aimed at providing additional value to customers. Spectrum told TeleGeography that it remains as shareholder and manager of both Gamtel and Gamcel, and denied that any changes in management had taken place at either company.