Private equity firm invests USD20m in Cellcom

4 Mar 2008

Emerging Capital Partners (ECP), an international private equity firm focused on investing in the African continent, has announced a USD20 million investment in Cellcom Telecommunications (Cellcom), a wireless network operator with operations in West Africa. The funds will be used to expand Cellcom’s existing network in Liberia and allow it to launch services in Guinea and Sierra Leone. ‘Cellcom is the leader in the Liberian mobile telecoms market and has a very attractive business model that combines pre-paid services, low cost handsets, aggressive marketing and superior customer service,’ said Tom Gibian, chief executive officer of ECP. ‘We are confident that the company will be able to expand its operations and repeat its success in Guinea and Sierra Leone as well as new West African markets.’

ECP’s other African investments includes stakes in MTN Cote d’Ivoire, Starcomms of Nigeria and Celtel Gabon.

Guinea, Liberia, Sierra Leone , Orange Liberia



Have feedback, corrections, or story ideas? Send them to

Browse Past Issues


Filter CommsUpdate by the following categories or use the search.


Visit our help page information on performing advanced searches, including how to restrict the results by country or company.


CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.