Cellcom offers shares to the general public

10 Nov 2009

Liberian mobile operator Cellcom Telecommunication Incorporated yesterday launched an initial public offering (IPO) in the country, promising to offer shares in the company to businesses and individuals alike – the first time a profitable and privately-owned company has offered shares to the Liberian people. Cellcom, which is jointly owned by Cellcom Telecommunications Inc and an internet company in Liberia, officially launched its IPO through a convertible debenture whose minimum price is USD10.00. Up to 500,000 debentures are being offered with a minimum of 10% interest which will be payable semi-annually.

Liberia, Orange Liberia