Rwandan daily The New Times writes that the country’s second national operator (SNO) Rwandatel has reached 280,000 subscribers, citing the company’s public relations manager, Cleophas Kabasiita. ‘The company has hit 280,000 active subscribers to date and will be rolling out more products, which are in transit and they will be on the market very soon in order to attract more clients,’ she told the paper. Company officials have attributed the increasing number of subscribers to good quality network and service delivery.
According to TeleGeography’s GlobalComms database, Rwandatel launched in early December 2008 joining former monopoly MTN Rwanda in the wireless market. The SNO, which is owned by Libyan government investment vehicle LAP Green Networks (80%) and the Social Security Fund of Rwanda (20%), has set a target of 1.2 million subscribers by the end of this year. LAP Green purchased its shares in the company in October 2007 from local ISP Terracom for USD100 million and has committed to invest USD177 million over five years.