Wednesday, September 1, 2010

Hits Seeks Majority Stake in Libercell

Local newspaper Al Watan reports that Kuwait’s Hits Telecom is in talks with Atlantic Wireless over the company’s Liberian cellco Libercell.

Hits currently owns 30% of Liberia’s smallest operator by subscribers but is believed to be seeking a majority stake.

According to the newspaper, Hits Telecom’s CEO Barr Erickson has revealed that talks are at an advanced stage and a deal could be reached within a few days.

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