Mali's SOTELMA to be privatised

from: http://www.itu.int/ituweblogs/treg/Mali+Sotelma+To+Be+Privatized.aspx

 Sunday, July 13, 2008

Mali - Sotelma to be privatized

In the context of the telecommunications sector reform, the Government of the Republic of Mali has decided to privatize Sotelma (Société des télécommunications du Mali) under the financial advice of the investment bank Linkstone Capital. The privatisation strategy is as follows : A 51% stake will be sold to a Strategic Partner that meets the prequalification criteria;  19% stake will be sold in a public offer ; 10% of the share capital will be reserved for the employees of Sotelma. The Government will hold a 20% share.

See Press Release

Source: Portail du Gouvernement de la République du Mali

Africa | Privatization/Foreign Investment

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