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MTN Côte d’Ivoire today announced that the company has paid 75% of the new telecommunications operator unified license acquisition cost to the Government of Cote d’Ivoire.
Indeed, given that the GSM license expires on 1 April 2016, after 20 years of operation, the Government of Côte d’Ivoire had anticipated the allocation of the new telecommunications operator unified license as of 15 December 2015, by receiving the required advance payment representing 50% of the license cost amounting to CFAF 100 billion.
By paying 75%, which is above the required 50% minimum, MTN CI 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 on 15 December 2015 at 19:30 at the premises of the Prime Minister in the presence of Mr. Daniel Kablan Duncan, Prime Minister of the State of Cote d’Ivoire, Mr. Bruno KONE Nabagné, the Minister of ICT and Postal Services and Government Spokesman, the CEO of MTN Côte d’Ivoire and CEOs of all operators concerned by the renewal of their licenses.
For MTN, this CFA F 100 billion investment confirms its commitment to work as a key player for telecommunications development for the Cote d’Ivoire economy and its clients.
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.
MTN Cote d’Ivoire announces partial payment of the new telecommunications operators unified license cost
MTN Côte d’Ivoire today announced that the company has paid 75% of the new telecommunications operator unified license acquisition cost to the Government of Cote d’Ivoire.
Indeed, given that the GSM license expires on 1 April 2016, after 20 years of operation, the Government of Côte d’Ivoire had anticipated the allocation of the new telecommunications operator unified license as of 15 December 2015, by receiving the required advance payment representing 50% of the license cost amounting to CFAF 100 billion.
By paying 75%, which is above the required 50% minimum, MTN CI 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 on 15 December 2015 at 19:30 at the premises of the Prime Minister in the presence of Mr. Daniel Kablan Duncan, Prime Minister of the State of Cote d’Ivoire, Mr. Bruno KONE Nabagné, the Minister of ICT and Postal Services and Government Spokesman, the CEO of MTN Côte d’Ivoire and CEOs of all operators concerned by the renewal of their licenses.
For MTN, this CFA F 100 billion investment confirms its commitment to work as a key player for telecommunications development for the Cote d’Ivoire economy and its clients.
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.
About MTN Group
Launched in 1994, MTN Group (Mobile Telecommunications Network) is a leading emerging market operator operating in 22 countries of Africa, Asia and Middle East : Afghanistan, South Africa, Benin, Botswana, Cameroon, Cyprus, Côte d’Ivoire, Ghana, Guinea Bissau, Iran, Liberia, Nigeria, Republic of Guinea, Republic of Congo (Congo Brazzaville), Rwanda, Sudan, Swaziland, South Sudan, Syria, Yemen and Zambia. The MTN Group is listed on the JSE Securities Exchange in South Africa under the share code: “MTN”. As of 30 September 2015 MTN recorded 233 million subscribers across its operations.
About MTN Côte d’Ivoire
MTN Group became shareholder of Loteny Telecom, now called MTN CI following a change of denomination in December 2005 after a the acquisition of the majority stake of the company from SOW Group. MTN CI is a global phone operator ” mobile + fixed + internet” offering services and innovative products and strategically customer centric. As a committed corporate citizen, MTN CI has more than 65,000 points of sale throughout the country. As at 30 June 2015, the number of regularly registered “mobile” subscribers was 8,248,641.
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