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VENTURES AFRICA – The government of Chad is set to “partially privatise” the state-owned telecoms firm, Groupe SOTEL Tchad, in an effort to restructure the ICT sector and improve internet access and mobile services in the country.
The government said it would do this by selling 80 percent of its shares in the firm while also retaining a minority stake.
The government believes the privatisation of SOTEL will allow the company to play a meaningful role in the development of the ICT sector in the country.
SOTEL is one of the three key players in the country’s telecoms sector.
The government has called on all the parties that have an interest in this stake in SOTEL to contact the government advisor on this deal, Civitas Partners, which is an independent advisory.
These parties should demonstrate their knowledge and experience in the ICT sector. And they should also demonstrate their financial muscle which should at least be more than 200 million Euros.
Potential investors are permitted to club together and form a consortium which has an experience in this sector.
Interested companies have been called upon to sign a non-disclosure agreement (NDA).
The agreement would be signed by no later than the 21st of this month, allowing these companies to be included in the pre-qualification process.