CAMTEL LAUNCHES NEW MOBILE NETWORK IN CAMEROON
The Cameroon Mobile Telecommunications S.A, a subsidiary of CAMTEL becomes the third mobile telephone operator in Cameroon. The Cameroon Mobile Telecommunications S.A,(C.M.T.S.A.) will have capital of CFA 600 million.
General Manager of CAMTEL, David Nkoto Emane, said the network will go operational almost immediately. He thanked government for making it possible for CAMTEL to put in place this product which is seriously awaited by everybody. He said, the new enterprise has as intension to pass to the third generation. "We will go very far with services that will be more efficient", he said. Nkoto Emane underscored the capacity of CAMTEL stating that many people are ignorant of what the corporation is capable of doing. He said, apart from fixed telephony and Internet, other products will be born, notably, cable television. Among the key share holders of the CMT SA, is the National Investment Corporation (SNI) which possesses 10 per cent of the shares.
According to economic forecast by the Bank of Central African States (BEAC), the number of subscribers for MTN and Orange should surpass 2,600,000 by the end of 2006.