Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Announcement of Intention to Privatize and Invitation to Express Interest  Join our daily free Newsletter

MENAFN Press - 23/02/2014
No. of Ratings : 0
Add to Mixx!


(MENAFN Press) The Government of the Republic of Chad formally announces its intention to partially privatize the Socit des Tlcommunications du Tchad ("Groupe SOTEL Tchad") pursuant to the terms of law 004/PR/96. The Ministry of Commerce and Industry hereby invites interested parties to express interest to acquire a majority of the shares of SOTE



Backgroun



One of the Government of the Republic of Chad top priorities is the restructuring of the Republic of Chad's telecommunications and ICT sector to improve the availability and quality of services available to the public, particularly as pertains to the availability and quality of internet and mobile services. In this context the Government of the Republic of Chad has decided to partially privatize Groupe SOTEL Tchad in order to strengthen the company to become a reference player in the telecommunications market, through the sale of the majority of the equity of the company



As the only provider of fixed services, the operator of optic fibre, and as one of the three players in the mobile market, Groupe SOTEL Tchad has a key role to play in the development of the telecommunications sector in the Republic of Chad. The Government of the Republic of Chad intends that Groupe SOTEL Tchad should fulfil this role in its privatized form



Envisaged Transactio



The Government of the Republic of Chad has the intention to partially privatize SOTEL by way of:



Sale of 80% of the equity of Groupe SOTEL Tchad



Augmentation of the equity capialization by capital increase




Retaining a minority interest for the Government of the Republic of Chad



Expression of Interest & Prequalificatio



The Government of the Republic of Chad invites experienced telecommunications investors to express interest in the partial privatization of Groupe SOTEL Tchad by contacting the Advisor to the Government of the Republic of Chad as indicated below. Investors may be required to demonstrate their experience in managing telecommunications assets and financing capacity in excess of EUR 200mn if this information is not readily available from public sources. Investors may associate in consortia provided that the each consortia has a majority (51%) investor with sufficient experience managing telecommunications assets and financial capacity as indicated above. Local economic participation is encouraged.



Interested parties will be invited to sign a non-disclosure agreement ("NDA"). Following signature of the NDA investors will be provided further instructions on how to pre-qualify and information on the market and Groupe SOTEL Tchad in order to perform preliminary assessments of the opportunity



Interested parties should have signed NDAs by no later than 15:00 hours Chad time o



February 21st, 2014 in order to be included in the prequalification process.



Adviso



The Government of the Republic of Chad has appointed Civitas Partners as its exclusive financial advisor ("Advisor") in relation to the envisaged transaction


About Civitas Partners Limited
Civitas Partners is an independent financial advisory firm with substantial experience of working in Sub-Saharan Africa. It specialises in capital raising, privatization, restructuring and financing advisory for governments, state owned entities and private companies, acting as a bridge between state actors and the private sector to achieve our client's commercial goals.ContactPlease direct all queries and expression of interest to the Advisor and to the Commission for the Privatisation of State Assets at the following email addresses:sotel@civitas-partners.com and secretariat.permanent@yahoo.fr

 


MENAFN Press




  MENA News Headlines
 Dec 4 2016 - First Bloomberg Markets Most Influential Summit Abu Dhabi to Convene the Leaders and Innovators in Finance Shaping the Future of InvestingMENAFN Press
(MENAFN Press) The Bloomberg Markets Most Influential Summit will make its Middle Eastern debut in Abu Dhabi this week, convening global financial leaders and investors who are moving markets, ...

 Dec 4 2016 - Farid Chedid Chairman and CEO of Chedid Re named ‘MEA Industry Achiever of the Year’ at the 2016 MEA Risk & Insurance Excellence AwardsMENAFN Press
(MENAFN Press) Beirut, Lebanon, December 4, 2016 : (ME NewsWire) During a special honoring ceremony held at the Four Seasons Hotel in Dubai, the publishers of Global Reinsurance and StrategicRISK ...

 Dec 4 2016 - Saudi, Qatari, UAE, Turkish Joint Statement on Calling to Hold UN General Assembly Formal Plenary Session on Syria 3 United NationsSaudi Press Agency
(MENAFN - Saudi Press Agency) The statement added that "We have seen in recent weeks, the launching of heavy unleashed military aggression against Aleppo and its neighboring areas with severe ...

 Dec 4 2016 - Saudi- Kingdom succeeds in shrimp farming: Global Magazine saysSaudi Press Agency
(MENAFN - Saudi Press Agency) Riyadh, 05 Rabi'I, 1438,December 04, 2016, SPA -- Global Aquaculture Advocate magazine confirmed in its latest issue in a report entitled "Kingdom of Saudi Arabia ...

 Dec 4 2016 -  Vietnamese floods kill 13Saudi Press Agency
(MENAFN - Saudi Press Agency) Hanoi, Rabi'I 5, 1438, Dec 4, 2016, SPA -- At least 13 people have been reported dead in central Vietnam's most recent spate of floodings, according to dpa. The ...

 Dec 4 2016 - Saudi Ambassador to Egypt: Kingdom Tops World in Supporting Refugees 2 CairoSaudi Press Agency
(MENAFN - Saudi Press Agency) Ambassador Qattan also said that the Kingdom considered the brotherly Yemeni refugees on its territory as its visitors, and provided more than half a million Yemeni a ...

 Dec 4 2016 - Al Watan Daily Highlights Depth of Fraternal Relations between Qatar and Saudi ArabiaQatar News Agency
(MENAFN - Qatar News Agency) Doha, December 04 (QNA) - Qatari daily (Al Watan) confirmed in its editorial Sunday the depth of the fraternal relations and cooperation between the State of Qatar and ...

 Dec 4 2016 - Nepalese Foreign Minister Meets Qatar's AmbassadorQatar News Agency
(MENAFN - Qatar News Agency) Kathmandu, December 04 (QNA) - Foreign Minister of the Federal Democratic Republic of Nepal Dr. Prakash Sharan Mahat has met with HE Qatar's Ambassador to Nepal Yousef ...

 Dec 4 2016 -  South Korea, US Seek Ways to Counter North Korea's Submarine-Launched Ballistic threatQatar News Agency
(MENAFN - Qatar News Agency) Seoul, December 04 (QNA) - South Korea and US forces are stepping up efforts to better counter the growing threat from North Korea's submarine-launched ballistic missiles ...

 Dec 4 2016 -  Five Gunmen, Including ISIS Leader, Killed in DagestanQatar News Agency
(MENAFN - Qatar News Agency) Moscow, December 04 (QNA) - Five militants, including an ISIS leader, have been killed during a special operation held in a suburb of Makhachkala, the capital of Russia's ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help