Guinea-Bissau launches Guine Telecom privatisation, paper says

13 Nov 2013

The interim government of Guinea-Bissau has reportedly launched the tender to sell off a stake in national PTO Companhia de Telecomunicacoes da Guine-Bissau (Guine Telecom), according to Portuguese news agency Lusa as cited by Telecompaper. In an official notice carried by the national press, the transitional government says it is looking to sell off an 80% stake in the carrier (which wholly owns mobile operator Guinetel). Companies wishing to participate in the privatisation process must demonstrate that they already manage operations with a minimum 500,000 subscribers (either fixed or mobile), as well as having experience in the development and deployment of fixed and mobile networks in emerging markets in Africa, the Middle East, Asia or eastern Europe. Further, interested bidders must enjoy a minimum 15% market share (by turnover) in those countries in which they operate. The tender documents and outline specifications are available at the West African Development Bank, which is acting as chief advisor on the sale, alongside Africa Capital.

Guinea-Bissau, Companhia de Telecomunicacoes da Guine-Bissau, Guinetel