QCell Shareholder Selling Off It's Stake

Uflex, an Indian manufacturing group, is planning to sell its entire 40% stake in Gambian mobile operator QCell, according to a report on Moneycontrol.com citing Indian-based business news channel CNBC-TV18.

QCell, Gambia's fourth and newest cellular communications provider, is controlled by domestic ISP QuantumNet's CEO Muhammed Jah, a local entrepreneur, and launched its commercial 2G/3G mobile network in July 2009. It is the country's only 3G operator.