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 |
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Downloads (10)
GAMTEL 2020 AUDITED FINANCIAL STATEMENTSANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 (GAMTEL)
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GAMTEL 2019- Filesize: 2.16 MB
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GAMTEL 2018- Filesize: 1.89 MB
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GAMTEL 2017- Filesize: 1.74 MB
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GAMTEL 2016- Filesize: 1.92 MB
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Consultancy for Transaction Advisor (consortium) for the Restructuring & Privatization of Telecommunications Assets in The GambiaThe Government of The Gambia (GoTG) recognizes the importance of the information and communication technology (ICT) sector for the development of the overall economy. The National Development Plan (NDP) 2018-2021 specifically mentions the need to improve the telecommunications access network and to position ICT as an enabler to achieve the national development objectives. The NDP includes targets for the ICT sector to be achieved by 2021:
· Increase the % of population using the internet daily from 46.8% to 90%;
· Increase the proportion of population with access to mobile phones from 78.9% to 90%;
· Increase the proportion of schools connected to broadband internet from 6% to 12%; and
· Existence of National Information and Communications Infrastructure Policy II.
During 2018, with the support of the World Bank, the GoTG undertook a detailed assessment of the ICT sector with a view to identifying options to improve sector performance and reduce the fiscal burden to GoTG. This work included preparation of a baseline assessment, identification and evaluation of options for the reform of Gamtel, Gamcel and other GoTG telecom investments.
Please find attached thE TOR and REOI documents for your information.
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CODE OF GOOD CORPORATE GOVERNANCE FOR STATE-OWNED ENTERPRISES IN THE GAMBIAThis Code of Good Corporate Governance aims to define the responsibilities and accountabilities of the Board of Directors and Officers of State-Owned Enterprises (SOEs). It is the primary source of guidance on all aspects of governance including statutory guidance under which the SOEs operate if not conflicted with Acts of Parliament. The focus is on commercial SOEs at the national level in which government has significant control through full, majority, or substantial minority ownership.
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Gambia Telecommunication Company (GAMTEL) -2015- Filesize: 14.80 MB
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Gambia Telecommunication Company (GAMTEL) - 2014 Accounts- Filesize: 3.76 MB
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Gambia Telecommunication Company (GAMTEL) - 2013 Accounts- Filesize: 3.05 MB
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