In 2006, American born Greg Wyler, took 99% control of Rwandatel through his communication firm Terracom.

[3] The agreed total purchase price was US$11.91 million, with the government acquiring 70%, while Caisse Sociale du Rwanda (now Rwanda Social Security Board) acquiring 30% of the venture.

This led to financial constraints on Rwandatel as it depended of financing from LAP Green.

[7] This led to Rwanda Utilities Regulatory Authority (RURA) revoking the firm's license to provide mobile and 3G services on April 4, 2011.

In 2013, the assets of the insolvent Rwandatel were acquired by Econet Wireless through its subsidiary Liquid Telecom for US$4 million, a fraction of the LAP Green deal.