Business Times

Rwanda: Tigo Closes in On Rwandatel's Stranglehold of Data Services

Rwandatel's market leadership of the data segment is under severe test from its competitors such as Tigo as the latter woos clients with free offers of Internet connectivity at its various service centres during the ongoing festive season.

Source: Business Times

Rwandatel to Meet Creditors Following Court Ordered Liquidation

Rwandan telco, Rwandatel has confirmed that it will be meeting with its creditors after a local court ordered the company to liquidate its assets to repay debts.

The company is estimated to have debts of nearly US$89 million, but assets of just US$50 million. The company was ordered to shut-down its GSM network earlier this year following claims by the regulator that it had missed license obligations.

Source: Business Times

MTN Supports Moves for Stock Market Listing of Rwanda Subsidiary

South Africa's MTN has said that it will support plans by the Rwandan government to float its 10 percent stake in MTN Rwanda onto the local stock market, ending speculation that MTN might try to buy the stake instead.

The government previously said that it wanted to sell the stake, and that it is also seeking to boost its newly opened stock exchange by floating state-owned companies on it.

Source: Business Times
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