MTN Ivory Coast license extended

MTN nAIJA  2JOHANNESBURG, (CAJ News) – MTN has announced the payment of CFA F 75 billion (US$124,1 million) to the Government of Ivory Coast for the renewal of its operating license.

It is 75 percent of the cost of the license.

By paying this, which is above the required 50 percent minimum, MTN obtains the extension of the operating term of the unified license for 17 years, for commissioning all services and products associated to 2G / 3G / 4G / LTE and upcoming new technologies.

The CFA F 75 billion cheque handing over ceremony took place at the premises of the Prime Minister in the presence of Prime Minister Daniel Kablan Duncan and Bruno Nabagné, the Minister of ICT and Postal Services and Government Spokesman.

The current GSM license expires in April 2016, after 20 years of operation.

“Through this new license opportunity, MTN Côte d’Ivoire is consolidating its positioning as the leading provider of the bold new digital world to the Ivorian market,” the company stated.

MTN has more than 7,5 million subscribers in Ivory Coast

– CAJ News

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