Gambia Telecommunication Company
The Gambia Telecommunications Company Limited (Gamtel) is the primary provider of telecommunication services in the Gambia, The company is a state owned, limited liability company, with the Gambia government owning 99% of shares and Gambia Ports Authority (GPA) owning 1% of shares was incorporated under the Companies Act 1955 as amended under Cap. 95. 02 of the Laws of the Gambia 1990.
The Company has steadily created a modern, efficient network infrastructure, using state-of -the -art technology in order to respond to the increasing demand of a dynamic market.
During three decades of operations Gamtel has achieved and hit a countless number of targets, it commissioned a subsidiary GSM operator Gambia cellular Company LTD (GAMCEL) following its award of a license to operate a GSM mobile service in 2000 and among its latest ventures was the introduction of Integrated Services, Digital Network (ISDN), Virtual Private Network (VPN), Internet Service Provider (ISP), Electronic Banking (E-BANKING) and still in the pipeline is Electronic Education (E-LEARNING), Electronic Commerce (E-COMMERCE) and Electronic Medicine (E-Health) all in an effort to deployed complete e-Solutions, based on market demand at the lowest possible cost to the customers by using the most modern and effective technology.
Currently, connected to Africa Coast to Europe (ACE) submarine fibre optic cable connecting 21 countries from France to South Africa, Gamtel alone has activated 2 STM-1s and 1 STM-4 with an increase bandwidth of 1550 Megabits and the likelihood of expanding it in the next one or two years and it has the highest Ownership in the ACE Gambia segment with 49% share and remaining 51% share among private GSM operators and ISPs, that give Gamtel with the Gambia government as it key shareholder undisputed competitive advantage as a market leader and your incumbent choice for all your telecommunication’s needs in the Gambia.
In 2014, Gamtel won “The Golden Europe Award for Quality and Commercial Prestige” by the Otherways Management Association Club-Paris (OMAC) in Geneva, Switzerland, Gamtel was chosen out of over 100 companies’ shortlisted nominees for the prestigious international award.
Financials
Fiscal Year 2015
Total AssetsD1,686,401,000 45.4% | Profit / Loss Before TaxesD60,000,000 0% | IncomeD1,321,874,000 45.9% |
Profit / Loss After TaxesD884,548,000 75.8% | Total LiabilitiesD520,964,000 41.9% |
Fiscal Year 2014
Total AssetsD1,159,807,000 | Profit / Loss Before TaxesD60,000,000 | IncomeD906,038,000 |
Profit / Loss After TaxesD503,076,000 | Total LiabilitiesD367,024,000 |