Two companies have qualified to bid for a 70 percent stake in Rwandatel, a state-owned fixed and mobile phone operator, a government official told Reuters on Thursday. They are Libya's LapGreen Network and South Africa's Vodacom, according to Manasseh Twahirwa, the executive secretary in Rwanda's privatisation unit.
"We are now going to invite each one of these two companies separately for negotiations on both their technical and financial offers," Twahirwa said. "There's need to harmonise their offers with our government's vision. It's from that stage that we will come up with an overall winner."
Six companies, including Kuwaiti-owned Celtel and Jordan's V-Tel, had shown interest in the operator in the tiny central African country where cellular services have become an indispensable communication tool. In July, Rwanda bought back Rwandatel for $12 million having previously sold it to Terracom for $20 million, saying the new owners had failed to deliver on contractual obligations such as rolling out a new mobile network.
Source: Reuters