India’s Bharti Airtel, Monaco Telecom, and Vietnam-based Viettel have held discussions with Cameroon’s telecoms ministry to buy a mobile licence in Cameroon, according to Dow Jones citing a report from online publication Cameroon Tribune.
This would…
India’s Bharti Airtel, Monaco Telecom, and Vietnam-based Viettel have held discussions with Cameroon’s telecoms ministry to buy a mobile licence in Cameroon, according to Dow Jones citing a report from online publication Cameroon Tribune.
This would allow the winning company to become Cameroon’s third mobile operator, after MTN and Orange.
TelecomFinance understands that Monaco Telecom is part of a bidding consortium, which includes a local ISP. Monaco Telecom would be providing management services to that company in case the consortium is awarded the licence.
The mobile penetration rate among Cameroon’s population of 20 million is currently low but continues to rise, providing growth opportunities for mobile companies.
A date for the winning bidder to be announced has yet to be disclosed, but Cameroon’s Telecommunications Minister Jean Pierre Biyiti bi Essam was quoted saying that negotiations were in the final stage.
