Bissau, Guinea Bissau, 20 Oct – The chief executive of Guiné Telecom said Friday in Bissau that China would invest US$50 million in developing telecommunications infrastruture in the West African country, under the terms of a bilateral agreement.
Guiné Telecom is majority-owned by Portugal Telecom, which has a 49 percent stake, but the Portuguese company recently stood down from its management due to a 30 million-euro debt owed by the Guinean government.
Speaking to Portuguese news agency Lusa, João Isidoro also said that the Chinese investment was the result of a deal signed between the two governments to provide “Guiné Telecom with facilities that are fundamental for developing the telecommunications sector.”
“The agreement not only covers Guiné Telecom, but extends to the entire country,” he noted.
Isidoro said that the agreement covers two projects, the first of which includes installing a fibre optic network across the country, which will end at the borders with Guinea Conakry and with Senegal, which will allow for international Access, which will have an effect on electronic governance.
Isidoro noted the installation of a “platform to link all State departments and ease their operation, as well as access by citizens to State services.” (macauhub)