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Wireless

Congo to sell CCT stake to France Telecom

Monday 3 October 2011 | 09:41 CET | News
The Democratic Republic of Congo has agreed to sell its 49 percent stake in CCT, the country's fourth largest mobile operator, to France Telecom. Jacques Baikpon, chief of staff at the country's telecoms ministry told Reuters that with this transaction the public treasury is reaping USD 64 million and that there will also be more than USD 10 million in the form of taxes and other payments. France Telecom is already in exclusive negotiations with Chinese firm ZTE to buy their 51 percent stake in CCT, which has 1.5 million subscribers. Last month France Telecom described CCT as "extremely

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Categories: Mobile & Wireless
Companies: France Telecom / ZTE Belgium
Countries: Congo, The Democratic Republic of the
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