New board takes over at Gamtel; state eyes new sale

3 Dec 2008

Gambia’s secretary of state for communications, Fatim Badjie-Janneh, yesterday presided over the inauguration of a new interim board of directors for Gambia Telecommunications Company (Gamtel), reports AllAfrica.com. The government last month terminated the management contract of Lebanese holding company Spectrum, which took a 50% stake in Gamtel and its cellular subsidiary Gamcel in August 2007, and the telco’s new nine-member board is chaired by its former managing director Katim Touray. Mrs Badji-Janneh gave a presentation on a proposed strategic plan aimed at revamping Gamtel and Gamcel, including proposals to repurchase Spectrum’s shares and resell an approximate 80% stake in Gamcel, with the government aiming to retain an interest of around 20% in the GSM operator. Separately, the minister’s presentation also stressed the need to establish a landing station to connect the country to a major international submarine cable system.