Eight companies green-lit for SOTEL privatisation

6 Mar 2014

Eight parties have been pre-qualified to bid for an 80% stake in Chadian state-backed incumbent Societe des Telecommunications du Tchad (SOTEL), TMT Finance writes without giving its source. The involved parties now have until 18 April 2014 to submit offers for the telco, which holds a monopoly on the provision of fixed line telephony and operates the landlocked nation’s only – albeit inactive – international fibre-optic link. Bidders for the stake are reported to include Morocco’s Maroc Telecom, and wireless providers Tigo and Airtel.

As previously reported by CommsUpdate SOTEL’s privatisation is a key element of long-term plans to overhaul Chad’s ailing telecoms sector, the weakness of which the International Monetary Fund (IMF) and World Bank have identified as a major barrier to the country’s economic development.

Chad, Groupe Sotel Tchad (Sotel), Maroc Telecom (IAM)