Bintel raises $250 million for network expansion
Bahrain-based operator set to invest $250 million in Africa in the next two years
Bintel, an emerging markets mobile operator headquartered in Bahrain, said it intends to invest $250 million in the next two years to expand its presence in “at least three new markets in Africa."
The company, which was established in 2007, already has GSM networks in Central African Republic and Somaliland, and is planning to launch in Gabon in the third-quarter of 2009 with a recently acquired mobile license.
Alawi Baroum, CEO of Bintel, said: “Bintel has set its sights on becoming one of the leading players in Africa and other emerging markets. We are moving to expand steadily our geographical reach and service portfolio as we look to consolidate our market position and realise our long-term goals.
“With a short-term investment budget of $250 million for the next two years, one can be sure to hear a lot more about Bintel in the months to come.”
Bintel has entered into strategic alliances with a number of leading telecom vendors such as Huawei, ZTE and SITEG Telecom to help it expand its footprint 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 develop a network of telecoms partners.
Bintel is headquartered in Bahrain, and also has offices in Bahrain, Dubai and Lebanon.