Bloomberg News

MDIC of Lebanon in Talks to Manage Sierra Leone’s Sierratel

June 22, 2011

June 22 (Bloomberg) -- Sierra Leone is in discussions with Management Development International Co., based in Beirut, for the management of the West African nation’s state-owned telecommunications company, said Abu Bangura, head of the National Commission for Privatization.

Sierratel, as the company is known, offers mobile-phone, fixed-line and internet services and is one of 24 state-owned enterprises that the commission wants to sell, Bangura said in a phone interview yesterday. He declined to provide further details.

Management Development, or MDIC, is “holding discussions” with the Sierra Leone commission, said Yolla Marchoud, the company’s office manager, in an e-mailed response to questions today. She declined to provide further details.

The talks are due to take place in Freetown, Sierra Leone’s capital, this week, said Madonna Thompson, the commission’s head of telecommunications and utilities.

--Editors: Emily Bowers, Alastair Reed.

To contact the reporter on this story: Silas Gbandia in Freetown via Accra at ebowers1@bloomberg.net.

To contact the editor responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net.


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