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Dubai company gets Congo telecoms deal
Khaleej Times Online (Business Times), 13 June 2005
DUBAI — A Dubai-based firm has won a major contract to manage and update the telecommunications system of the Democratic Republic of Congo, DRC, one of Africa's largest countries.
The deal, signed recently in the DRC capital of Kinshasa, is between the office congolaise des postes et telecommunications, OCPT, and Kampac Oil, a division of the Jebel Ali-based KAMPAC Group, in association with the Congolese firm Atlas Investment Trust. Work on the telecoms system is expected to begin in August.
The objective, according to a report in the Congolese daily Le Potentiel, will involve the rehabilitation and the upgrading of its services both in Kinshasa and the rest of the Congo. The deal will last for ten years, with an option for an extension of another ten years.
Kampac's chairman Charles Ampofo, told the Emirates News Agency, Wam, ''I believe in the future of Congo.
It is a country with enormous potential, and I am happy to be associated with our partners in this important project to modernise its telecommunications network.''
The KAMPAC Group has extensive interests in oil trading and shipping, it and other sectors, with operations in West Africa, Europe, the United States and the far east, as well as in the Gulf. It also has oil exploration concessions in Senegal and Niger.
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