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Article: Haiti: Rectel sitting on frequency booty, Haiti s Teleco sale could rest on its assets.
- Article from:
- TendersInfo
- Article date:
- November 2, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: pinto03
The 9 November deadline is looming for the submission of bids for a 60% stake in state-owned Telecommunications d'Haiti (Teleco), following an international tender announced in June. The Haitian monopoly fixed line operator is determined to attract an international strategic investor from the telecoms sector to inject capital and expertise to help upgrade and expand its networks and return the company to profitability.
Applications from financial groups in consortium with telecoms operators are also being accepted. Teleco, which recently shed approximately two-thirds of its workforce in preparation for privatisation, hopes to conclude an ...