By Neeraj Gangal
Dubai-based telecom co bags 15-year mobile license; becomes Gabon's 4th licensee.
Dubai-based Bintel has been awarded a 15-year mobile license from ARTEL, the telecommunications regulatory authority of Gabon.
This makes Bintel the fourth entrant into the country's highly competitive mobile telephony market, according to newswire Zawya. The company is expected to roll out its services in Gabon in the third quarter of 2009.
With this award, Bintel estimates its initial investment in 2009 in Gabon to be in excess of USD 50 million.
As per the terms of the agreement, the company is licensed to provide the latest voice and data services to customers in Gabon, including high speed data and video conferencing among many other services.
Bintel has appointed industry veteran Gilles Villenaut as General Manager for its Gabon operations.
Alawi Baroum, CEO of Bintel said: "Bintel's entry into Gabon would further intensify competition in the highly liberalized domestic market, which would ultimately work to the advantage of end users who would have a wider portfolio of services to choose from and can also benefit from more competitive pricing."