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
UNCDF, Co-op Bank Kenya sign guarantee to boost digital lending Risk-sharing aims expand financing access for startups, platforms Deal supports...
Côte d’Ivoire plans 15 agri-tech hubs to support women in agribusiness The centers will focus on processing, training, and digital tools The project’s...
Kenya becomes the first African country to establish a formal digital dialogue framework with the European Union. The partnership targets...
Angola’s parliament unanimously approved a startup law to address legal gaps and support innovation. Authorities set a $3.5 million annual...
Most Read
01

CCR-UEMOA presents mid-term review of private sector competitiveness efforts Reforms, AfCFTA trai...

Strengthening the Business Climate in WAEMU Countries: CCR-UEMOA Reviews Its Midterm Record
02

Telecel Ghana to boost network investment by 150% in 2026 Expansion targets capacity, reliabi...

Telecel Ghana plans 150% investment increase in MTN-dominated market
03

Togo parliament adopts WAEMU law against currency counterfeiting Bill defines offences including ...

Togo Passes Law to Criminalize Counterfeiting of West African CFA Franc
04

This week, Africa is facing a mixed health situation. Namibia has declared an end to its mpox outbre...

Weekly Health Update | Namibia Ends Mpox Outbreak; Nigeria Faces Seasonal Lassa Fever Surge
05

Namibia and Russia agreed to expand cooperation across energy, mining, and agriculture. Both coun...

Namibia and Russia Expand Economic Cooperation Across Key Sectors
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.