According to Regis Gatarayiha, director general of the Rwanda Utilities Regulatory Agency (RURA), a number of telecoms companies are interested in purchasing the assets of local operator Rwandatel, in a move aimed at raising funds to pay off the firm’s debts. In a phone interview to local newspaper Business Times, Gatarayiha named Rwandatel’s former majority shareholder, Libyan government investment vehicle LAP Green Network, as one of the companies interested in bidding for the assets. ‘They approached us with a view of participating in the liquidation process and it is possible they will participate like any other potential buyers,’ Gatarayiha noted.
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OVETEL Rwandatel assets attract potential bidders
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