Decree opens up CamTel shareholding to public, private investors

3 Jun 2019

Cameroon’s state-owned telecoms operator CamTel plans to sell shares to public and private investors, following a decree issued by President Paul Biya which officially opens up the telco’s capital. ‘CamTel’s shareholding may be open to other public or private entities… The statutes of CamTel provide for the modalities of participation in the share capital,’ ITWeb Africa quotes part of the government decree, which was issued on 28 May 2019, as saying. The 100% state-owned company is opening up its shareholding to reduce communication costs and ‘become the national and sub-regional champion of digital transformation, through the development of efficient infrastructures in the service of the new economy by 2020.’

Cameroon, CamTel