South African mobile operator MTN says it has resolved a fee row with the government of Guinea that resulted in the seizure of its assets.
The Reuters News Agency quotes an MTN Spokesperson as saying the dispute had been resolved but that it was a matter between them and the government and so can't give details.
Guinea's government had seized assets belonging to MTN in the row over payment of a 15 million euro fee.
A decree signed by Guinea 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 its operator's licence if a row over payments due to the government after MTN's 2007 acquisition of a local operator were not resolved by April 29.
MTN which is Guinea’s leading mobile operator with 2 million subscribers, operates under the Areeba brand.
Source: Joy Business/Ghana
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
Latest Stories
-
Mahama meets Mamprugu king over Bawku chieftaincy stalemate
11 minutes -
Mahama calls for robust investment to uplift vulnerable populations
21 minutes -
Policy Expectations of the New Government: A robust asset and liability declaration framework
1 hour -
Engender trust to resolve Bawku crisis – Former Defence Minister Dominic Nitiwul advises
2 hours -
Guardiola divorces wife of 30 years
2 hours -
Up to 4 in 10 people could develop dementia after 55. What you can do to lower your risk
2 hours -
Mohbad’s widow, father face-off over DNA test
2 hours -
US to remove Cuba from state sponsors of terror list
2 hours -
Jideofor Adibe: Democracy and its Discontents in Africa
2 hours -
Sierra Leone declares emergency over mpox outbreak
2 hours -
South Korean investigators arrest impeached President Yoon, ending weeks-long standoff
2 hours -
Attack on Electrochem sends wrong signals to investors – Ada Traditional Council
3 hours -
Couple in court for allegedly defrauding urban planner of GH¢320K
3 hours -
US markets watchdog sues Musk over Twitter stake disclosure
3 hours -
Bawku needs firm and fair governance to achieve lasting peace – Dominic Nitiwul
5 hours