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Kaltenmeyer (talk | contribs) →History: Although incorrect in the original source, under MOS:TYPOFIX insignificant spelling and typographic errors should simply be silently corrected |
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Due to financial constraints, the government of Rwanda held negotiations with Terracom's investors in June 2007 in order to establish the value of the company and organize a buy back of Rwandatel by the government.<ref>{{Cite web|url = https://www.balancingact-africa.com/news/telecoms-en/18645/rwandas-government-to-buy-back-terracom-communications|title = Rwanda’s Government to buy back Terracom Communications|date = |accessdate = 2015-03-31|website = balancingact-africa.com |publisher = Balancing Act|last = |first = |edition = Issue no 365}}</ref> The agreed total purchase price was US$11.91 million, with the government acquiring 70%, while Caisse Sociale du Rwanda (now Rwanda Social Security Board) acquiring 30% of the venture.<ref>{{Cite web|url = http://rura.gov.rw/fileadmin/docs/The_Sales_and_Purchase_of_100.pdf|title = The Sales and Purchase of 100% shares of TERRACOM sarl and its 99% shares in Rwandatel S.A|date = August 1, 2007|accessdate = March 31, 2015|website = rura.gov.rw |publisher = Rwanda Utilities Regulatory Authority|url-status = dead|archive-url = https://web.archive.org/web/20150402171330/http://rura.gov.rw/fileadmin/docs/The_Sales_and_Purchase_of_100.pdf|archive-date = April 2, 2015}}</ref>
In September 2007, [[Libya]]n based investment firm, LAP (Libyan Investment Portfolio) Green, acquired 80% of Rwandatel for US$100 million<ref>{{Cite web|url = http://www.wirelessfederation.com/news/9996-libyan-firm-wins-usd-100-mln-tender-to-buy-rwandatel-libya|title = Libyan firm wins USD 100 Mln tender to buy Rwandatel (Libya)|date = 2007-10-15|accessdate = 2015-03-31|website = www.wirelessfederation.com
Due to the [[Libyan Civil War (2011)|Libyan conflict]] of 2011, the government of Rwanda complied with [[United Nations]] resolutions requiring Libyan assets in the country to be frozen. This led to financial constraints on Rwandatel as it depended of financing from LAP Green.<ref name=":1" /> This led to Rwanda Utilities Regulatory Authority (RURA) revoking the firm's license to provide mobile and 3G services on April 4, 2011.<ref name=":1">{{Cite web|url = https://www.bloomberg.com/news/articles/2011-04-05/rwandan-telecommunications-regulator-revokes-rwandatel-s-mobile-license|title = Rwandan Regulator Revokes Rwandatel’s Mobile Phone License|date = April 5, 2011|accessdate = March 31, 2015|website = [[Bloomberg Business]]|publisher = [[Bloomberg L.P.]]|last = Murdock|first = Heather}}</ref> At this point the company was facing stiff competition from [[MTN Rwanda]] and [[Millicom|Tigo Rwanda]].
In 2013, the assets of the insolvent Rwandatel were acquired by [[Econet Wireless]] through its subsidiary Liquid Telecom for US$4 million, a fraction of the LAP Green deal.<ref>{{Cite web|url = http://www.independent.co.ug/rwanda-ed/rwanda/7868-libyas-rwandatel-sold-off|title = Libya’s Rwandatel sold off|date = 2013-07-07|accessdate = 2015-03-31|website = independent.co.ug
== Ownership ==
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