Africazine:
Equatorial Guinea is advancing its telecommunications sector through a new partnership.
Vice-President Teodoro Nguema Obiang Mangue led a meeting to discuss the formation of TELGESA, a new company in collaboration with the investment group EGSA LOITA. Key issues, including the valuation of GECOMSA’s assets, were reviewed to finalize the agreement.
Equatorial Guinea’s New Telecommunications Company TELGESA
The meeting included the Prime Minister and heads of various departments, focusing on the establishment of TELGESA. This initiative is part of a broader effort to modernize telecommunications in the country. The valuation of GECOMSA’s assets is crucial for determining the State’s participation in the new venture.
Vice President Nguema Obiang Mangue has tasked the Telecommunications Department with expediting the necessary documentation for KPMG. This firm will evaluate GECOMSA’s facilities, equipment, and its 84 telecommunications towers.
Equatorial Guinea: Key figures on GECOMSA Valuation
- 84 telecommunications towers
Strengthening Coordination for Agreement Signing
The Vice President emphasized the need for improved coordination among all parties involved. He aims to resolve outstanding issues swiftly to facilitate the signing of the agreement. The target is to finalize this before the end of October.
Next Steps for TELGESA Formation
- Expedite documentation delivery to KPMG
- Complete asset valuation of GECOMSA
- Sign the agreement by the end of October
Equatorial Guinea is set to enhance its telecommunications services through strategic partnerships.
