May 30, 2007 —
Amstelveen, The Netherlands – The State governments of Somaliland and Puntland have each granted a 15 year mobile concession to Optima Wireless and its local partner covering a total population of approximately five million people in Northern Somalia, the portion of Somalia least affected by the war around Mogadishu.
Discussing the opportunity, Brian Reaves said, “We are here to support our financial partner who brought the opportunity to us, the objective being to provide telephone and internet services facilitating development of the region. The deteriorating security situation remains a concern as it may prove difficult to overcome from an implementation and operational point of view. We are closely monitoring activities on the ground.”