Further delay in CamTel privatisation process

19 Jan 2009

Finance Minister Essimi Menye has announced that a new reform strategy for the privatisation of Cameroon Telecommunications (CamTel) will be drawn-up, after a recent tender was declined by the government. In 2007 the state launched an international tender for selecting a suitable shareholder of CamTel, in order to allow it to develop to its full potential. The government received two proposals by the 14th of January deadline, however after evaluation it decided to declare the tender unsuccessful. The government embarked on the privatisation of CamTel and CamTel Mobile in 1999. While the cellco was sold to South African group MTN, the sale of a stake in the fixed line operator is yet to take place. According to TeleGeography’s GlobalComms database, CamTel had a total of 145,000 mainlines in service at the end of 2007.

Cameroon, CamTel