Gambia: Gamcel Calls for Bail Out or Risk Halting Operation

31 May 2019

Mergers, Acquisitions and Financial Results

The Gambia's GSM Operator has raised a red flag calling for a bail out on its current serious and precarious situation or risk stopping operation.

The General Manager of Gamcel, Elizabeth Johnson, made the clarion call yesterday at the National Assembly Public Enterprises Committee (PEC) while presenting their activity report and financial statement for the year 2017 together with its sister institution, Gamtel.

She said Gamcel is already limited in its network coverage and any additional loss of coverage could necessitate a halt in its operation as a service provider.

"Gamcel needs a bail out to continue to serve as a service provider. It needs a bail out through capital injection from government or help to secure concessionary financing to quickly upgrade and stabilize its infrastructure. I believe Gamcel has great potential as a national service provider that needs to be harnessed," she added.

She further said Gamcel continues to be at a cross-road and needs urgent intervention on the serious challenges it is grappling with.

Operating in a very stiff competitive and dynamic industry where technology trend is constantly changing to meet the needs of the people, the company's manager said for the company to continue as a service provider, it needs capital investment to expand and modernize its infrastructure to effectively operate in the market.

Source: Foroyaa Newspaper