Investment In Brief

Investment

- National incumbent Ghana Telecom (GT) plans to launch an IP-TV service next month, according to GT Broadband Manager Johnny Nettey. The new service will be available as part of the telco’s Broadband4U portfolio of services and will enable subscribers to sign up to a bouquet of programmes including sports, entertainment, movies, fashion shows, local and foreign news, children's channels and FM radio channels. Mr Nettey said GT has signed up around 14,000 Broadband4U subscribers and aims to increase this to 18,000 by the end of 2008. The ADSL-based service, which was launched in August 2004, is currently available in every regional capital and some district capitals. The Ghanaian Government recently attempted to privatize Ghana Telecom but bids only came in for around US$800 million and the Government, which was expecting US$1-1.5 billion called the process off and is attempting to persuade either or both Vodacom and Telkom SA to rebid.