Libtelco to take over Novafone

Thursday 28 April 2016 | 17:41 CET | News
The Liberia Telecommunications Corporation (Libtelco) has sealed a takeover deal with Novafone, one of the struggling mobile operators in Liberia for an unspecified amount, FrontPageAfrica reports citing sources familiar with the matter.  Libtelco MD Sebastian Muah said the deal is valued at around USD 10 million, with USD 7 million paid upfront and the balance at a later date. The deal comes just weeks after the acquisition of another local firm, Cellcom Liberia by Orange. FrontPageAfrica said once the deal is sealed, the National Social Security and Welfare Corporation (NASSCORP) will

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Categories: Mobile & Wireless
Companies: Cellcom / Libtelco / Novafone / Orange
Countries: Liberia
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