Telecom

Guinea-Bissau: Guinea Telecom, Guinetel resume activities

Guinea-Bissau: Guinea Telecom, Guinetel resume activities
Friday, 24 September 2021 13:28

Six years after being declared bankrupt by the government, the incumbent operator and its mobile branch are back to business. They return to a market where MTN and Orange have had enough time to establish themselves.

The incumbent telecom operator Guinea Telecom S.A. will soon make its return to the Guinea-Bissau telecom market. On September 21, the company received from the Communication Minister, Augusto Gomes, a new license to operate as a network, fixed-line telecom service provider, and infrastructure operator throughout the country.

On September 14, the operator’s mobile branch Guinetel was awarded a unique license by the Board of Directors of the National Regulatory Authority for Information Technology and Communication (ARN-TIC).

The communication Minister explained that the return of state-owned companies to the national telecom market reflects the state's desire for sovereignty in telecommunications, particularly concerning the security of communications and national data.

In 2014, Guinea Telecom and Guinetel were declared bankrupt by the government following several years of poor financial health. In a market open to competition since 2003, the two companies were struggling to stand the competition from MTN and Orange.

In 2015, an interministerial commission dedicated to the revival of the two public companies was set up. It was funded by the West African Development Bank (BOAD) and the World Bank to carry out the technical and financial studies related to the project.

Augusto Gomes has promised, for the next few days, the approval of the specifications. An international tender will thus be launched to select a partner that will help make the companies more profitable. Through this project, the government seeks to tap into the various opportunities in the sector.

Muriel Edjo

On the same topic
Kredete raised $22 million in Series A funding led by AfricInvest, Partech, and Polymorphic Capital to expand globally. The company offers...
Uganda to host Aeonian AI center at Karuma hydropower site starting in 2026 Project includes 10 MW USIO supercomputer built with NVIDIA and...
• Cabo Verde to roll out nationwide 5G by 2026• Government sees 5G as key to digital, economic growth• Current mobile coverage exceeds 88% for 4G...
• Gabon aims to digitalize public revenue collection to support a CFA7,233.3 billion (approximately $13 billion) budget for 2026.• The initiative...
Most Read
01

From Dakar to Nairobi, Kampala to Abidjan, mobile money has become a lifeline for millions of Africa...

Africa's Boundless Future: How a simple mobile phone became a pocket bank for millions
02

Nigeria’s fintech landscape has undergone a seismic shift in recent years, driven largely by persist...

In Nigerian, Bank Technology Failures Pushed OPay and PalmPay to Leadership in Daily Payments
03

• WAEMU posts 0.9% deflation in July, second month in a row• Food, hospitality prices drop; alcohol,...

WAEMU Region Records Second Straight Month of Deflation, at -0.9% in July 
04

Airtel Gabon, Moov sign deal to share telecom infrastructure Agreement aims to cut costs, boo...

Gabon’s Airtel, Moov to Share Towers Under Govt-Brokered Deal
05

• Benin’s FeexPay and Côte d’Ivoire’s Cinetpay receive BCEAO payment service licenses• Both firms ex...

WAEMU fintech industry strengthens with two new BCEAO regulatory approvals
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.