17th May 2019, 17:51
Mobile operator Limba has been acquired by African telecoms group Telecel.
The group says the acquisition is part of a strategy to create an international hub to digitize businesses in Africa and to widen their footprint. Telecel is hoping to establish a new African highway of data traffic. It says Gibraltar is a strategic gateway to Europe.
Telecel purchased a majority of Limbashares and will now own and operate the network. Limbahas 2G, 3G and 4G licenses and can also provide fixed line services.