GAMTEL POISED TO USE EXTERNAL FUNDS FOR D1.67 BILLION EXPANSION
Gambian incumbent Gamtel, is to spend D1.67 billion in the year 2004 towards the goal of increasing capacity network by 230, 000 lines over the next five years.The bulk of the fund 1.44 billion will come from external financing.As part of this expansion drive, a major multi-national telecom company, Alcatel has been contracted to complete a project that will create additional 35,506 lines in the Greater Banjul Area and another 8,448 lines in the rebalances of the Gambia. These figures were revealed as part of the year 2004 budget speech read out by the Secretary of State for Finance and Economic Affairs Mousa Gibril Bala-Gaye. According to him the Alcatel contract will cost 28.9 million euros.
Gamtel he went on has signed another contract with Airspan for the provision of 2,000 wireless telephone lines to 30 villages in the North Bank, Lower River and Upper River Divisions of the country. Giving more insights into the expansion drive, he said that an additional 3,000 lines would be created for Serrekunda and its environs that include Bundung and Kotu.He said all these form part of Gamtel’s Global Expansion Project (GGEP), the air of which is to create 230, 000 lines over the next five years.
The Independent, Banjul