Guinea planning to relaunch incumbent telecoms operator with AfDB support

3 Mar 2021

Guinea intends to use new international financing to relaunch defunct fixed line operator Societe des Telecoms de Guinee (Sotelgui), reports Agence Ecofin. Speaking at the opening of the Forum for Investments in Guinea on 26 February, President Alpha Conde revealed the government plans to mobilise a USD3 billion investment package agreed with the African Development Bank (AfDB) and International Finance Corporation to carry out 67 transformative projects in the country.

Guinea has been without a fixed telephone network since Sotelgui was declared bankrupt in February 2013, leaving the country reliant on mobile networks owned by international companies. With a view to creating a new legal entity which would take over its assets and activities, President Conde issued a decree in September 2017 formally dissolving the company and assuming responsibility for its debts, although progress has been slow.

Guinea, Societe des Telecoms de Guinee (Sotelgui)