Hits Telecom seeks majority stake in Libercell

1 Sep 2010

Local newspaper Al Watan reports that Kuwait’s Hits Telecom is in talks with Atlantic Wireless over the company’s Liberian cellco Libercell. Hits currently owns 30% of Liberia’s smallest operator by subscribers but is believed to be seeking a majority stake. According to the newspaper, Hits Telecom’s CEO Barr Erickson has revealed that talks are at an advanced stage and a deal could be reached within a few days.