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 Thursday, February 26, 2009

The telecommunication Regulatory Authority of Gabon, Artel, has awarded Bintel a 15 -year mobile licence. The incumbent is expected to commence its services in the third quarter of 2009. Bintel estimates its initial investment in 2009 in Gabon to be in excess of USD 50 million. As per the terms of the agreement, the company is licensed to provide the latest voice and data services to customers in Gabon, including high-speed data and video conferencing. The licence acquisition is followed by the appointment of Gilles Villenaut as general manager for its Gabon operations. Gabon has expected mobile penetration rate to reach around 90% and in 2011 it is estimated to reach 120%. At present, Zain holds 58% of the market share, followed by Gabon Telecom with 34% and Moov stands with 8%. Bintel is intending to capture 6-8% of the Gabon Market in the first year and targets 30% share within its first 10 years.

Source: Wireless Federation.