Gambia: Gamcel appeals for bailout to ‘avoid closure’


Struggling Gambian state-owned mobile operator Gamcel has called for a government financial bailout to avoid the risk of its operations closing down altogether, the Foroyaa newspaper reported. Gamcel’s general manager Elizabeth Johnson told the National Assembly Public Enterprises Committee that the GSM/3G operator needs ‘a state capital injection or help to secure concessionary financing’ to expand, stabilise and modernise its infrastructure to compete effectively in the market. Ms Johnson said the company has serious financial constraints and is unable to improve its limited network coverage from internally generated revenue alone, whilst its billing system ‘has adverse limitations and continues to limit the company’s ability to maximise revenue generation as it can only provide basic voice services.’

Source: TeleGeography