Hargeisa (SD) – Somaliland President Muse Bihi is putting pressure on the country’s telecommunications companies and other businessmen to buy Somcable’s weak shares.
President Bihi is under tremendous pressure from Djibouti and Somaliland’s leading telecommunications companies for his refusal to have the internet fiber optic cables come to Berbera port, due to Somcable’s monopoly on that service.
Somcable owner Mohamed Aw Said has proposed to sell 75% of his fiber optic stakes to other telecommunication companies, they have reportedly turned the offer down.
President Bihi is trying to convince these businessmen to give him and Somcable an out, the president is also trying to have the monopoly law be revisited and removed through parliament, if a deal could be reached first.
Somcable is currently the only company that enjoys a large telecommunications monopoly since 2011 for 25 years.
Its not clear if these companies would buckle under the president’s pressure or if they would stand their ground and let Somcable loose the monopoly.
Somaliland constitution guarantees free market and doesn’t allow monopolies.