Bintel budgets USD 250 mln for expansion in Africa

Middle East and Africa telecom service provider Bintel has announced major investment plans as part of its strategic expansion programme. The Bahrain-based company plans to enter at least three new markets in Africa in the next two years and has allocated USD 250 million for investment in the region. In early 2008, Bintel acquired a majority stake in Telesonique, a Swiss-based wholesale traffic company, as part of its strategy to build a reliable network of telecommunications services strategic partners. Established in 2007, Bintel has Middle East offices in Bahrain, Dubai and Lebano and operates GSM networks in Central African Republic (since mid-2007) and Somaliland (since mid-2008).

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