MDIC awarded Sierratel management contract

30 May 2012

The National Commission for Privatisation in Sierra Leone has signed a three-year management contract with Lebanon-based firm Management and Development International Co (MDIC) to run the state-owned telco Sierratel. The announcement follows more than nine months of discussions between the two parties. Sierratel will remain wholly government-owned, Bloomberg reports, but MDIC will take over the day-to-day running of the operator in an effort to revitalise its fortunes. Sierratel holds a monopoly in the fixed line sector, but the market is severely underdeveloped, with a household penetration of only around 2%. The operator also provides CDMA-based wireless services but it is struggling to compete with the three main players, Africell, Airtel and Comium.

Sierra Leone, Sierra Leone Telecommunications Company (Sierratel)