French telecom firm invests US$6m in Liberia

Mergers, Acquisitions and Financial Results

The Paris-based Telecommunications Company, West Africa Telecom has begun operations in Liberia with an initial investment of over US$6 million, the General Manager of the company, Jonathan Medugno said here. Medugno told reporters Saturday that West Africa Telecom, which will begin full-scale operations next month, would provide over 1000 jobs locally.

The French Telecommunications company becomes the fifth private telecom firm to operate in Liberia, all of which are predominantly engaged in providing GSM mobile phone services.

(Source: AGOP)