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Infos Business of Wednesday, 21 October 2015

Source: Jeune Afrique

Internet: Cameroon Ringo still on sale

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The Cameroonian internet service provider Ringo, held by the investment fund Glenar, based in Switzerland, has still not found an investor after over a year of search.

Its shareholders evaluated the company to a worth of nearly FCFA 3 billion (around € 4.6 million).

The buyer will have to pay a debt of about FCFA 450 million due to Cameroon's regulatory authority.