Guinea bringing back fixed-line incumbent with overseas investment

Guinea bringing back fixed-line incumbent with overseas investment

Guinea is planning to revive the country’s shuttered fixed line provider Sotelgui (Societe des Telecoms de Guinee) through international investment.

Agence Ecofin reports that at the Forum for Investments in Guinea, the country’s President Alpha Conde confirmed the government’s plans to execute 67 transformation projects nationwide using a US$3 billion investment agreed with the African Development Bank (AfDB) and International Finance Corporation.

As reported by TeleGeography, Sotelgui was declared bankrupt in February 2013, and from this point onwards Guinea has had no functional fixed telephony network. This has made the country’s communications sector dependent on overseas mobile firms.

Sotelgui was only formally dissolved following a presidential decree in September 2017, which was issued in order to establish a new legal entity to assume control of the defunct operator’s assets and debts. The creation of the new unit has been slow but progress now appears to be forthcoming.

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