• Sars Wars returns

    Allan Greenblo looks at the leadership concerns around the 'Twin Peaks' regulatory model.

  • Inside Labour

    When unions later this year start to demand double digit pay rises, don't be surprised, says Terry Bell.

  • Anti-nuclear group

    ANC general secretary Gwede Mantashe rebukes those who feel SA can't afford nuclear power.

All data is delayed
Loading...
See More

MTN pays up in Guinea row

May 09 2011 15:29
Reuters

Company Data

MTN GROUP LIMITED [JSE:MTN]

Last traded 141
Change 2
% Change 2
Cumulative volume 5573026
Market cap 0

Last Updated: 05-02-2016 at 05:05. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Iran, Nigeria boost MTN growth

Guinea seizes MTN facilities

BT targets Africa for growth

Guinea threatens to suspend MTN

Vodacom, MTN warned of possible strike

MTN resolves fee dispute with Guinea

 
Conakry - Mobile operator MTN Group [JSE:MTN] will pay the government of Guinea €15m within the next 10 days to end a licence fee dispute, an official of Guinea's telecommunications regulator said on Monday.

"They (MTN) signed a commitment which obliges them to pay €15m within 10 days. We believe that the dispute is settled following this decision," Moustapha Diaby, the head of Guinea's regulatory authority, told Reuters.

Guinea's government last week seized assets belonging to MTN in the row over payment of the €15m  fee.

A decree signed by Guinean President Alpha Conde said the government had decided to requisition all personnel, equipment, facilities and assets of the company from May 2, until the dispute is settled.

Guinean authorities had also warned MTN that it would suspend the operator's licence if a row over payment due to the government after MTN's 2007 acquisition of a local operator were not resolved.

MTN, the West African nation's leading mobile operator with 2 million subscribers, operates under the Areeba brand in Guinea.
mtn  |  guinea  |  telecommunications

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
1 comment
Comments have been closed for this article.
 

Company Snapshot

We're talking about:

SMALL BUSINESS

Marketing is a big concern in SA's small business community, followed by a lack of confidence and partnering with the wrong people, according to a survey.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

The regulation of WhatsApp and other OTTs is:

Previous results · Suggest a vote

Loading...