MALAYSIANS PULL OUT OF GUINEA'S SOTELGUI

Telecoms

The long, slow retreat of Telekom Malaysia from Africa reached a new stage with its announcement at the end of January that it would be pulling out of SOTELGUI, the Guinean incumbent. This pull-out could have been foreseen from the point of the SIM card fiasco of last November which managed to drain revenues from its 50,000 or so mobile subscribers.

Officially SIM cards were meant to sell for FG74,000 but such was the shortage of SIM cards that prices went as high as FG300,000-400,000. Employees of SOTELGUI were clearly implicated in this black-market traffic. After an intervention by the Government, sales were stopped. But as Guinea News noted, during this period SIM cards were "sold in the streets like peanuts."

Telekom Malaysia bought a 60% share of Sotelgui in 1996. The Guinean government is seeking a buyer to replace the Malaysians. A report is going to Prime Minister Cellou Dalein Diallo, who led the commission that privatised the company.

Guinéenews

LIRE EN FRANCAIS:
http://www.balancingact-africa.com/news/french.html#sotel