Millicom, Senegal end legal proceedings
SENEGAL| Oct. 12, 2012, 1:09 p.m.
The legal proceedings between Millicom International Cellular (MIC) – owners of Tigo, and the Government of Senegal have been terminated.
Millicom said in a statement today that MIC and the government of Senegal had signed a settlement to amicably end their dispute over the validity of Millicom’s license in Senegal.
This follows an agreement reached some weeks ago, in which both parties agreed that the validity of Millicom’s Senegal subsidiary’s license would be recognised. In addition, Millicom will be granted a 3G license, an alignment of its license terms with those of the other operators (meaning that Millicom will receive licenses to offer fixed line, WiMAX and cable TV services for instance), some additional spectrum and a 10-year extension of the term of its current license until 2028.
Millicom said it had agreed to pay USD103 million to the government of the Republic of Senegal for these additional license rights and spectrum.
Millicom CEO Mikael Grahne said in announcing the agreement: “We are delighted to have reached an agreement with the newly elected government of the Republic of Senegal in a way that will be beneficial to both parties involved, as well as to the people of Senegal and our Tigo customers. An amicable settlement has always been the preferred solution for Millicom.”
MORE SENEGAL NEWS
Africa SME Champions Forum: creating an ecosystem to support African championsThe Africa SME Champions Forum closed in Dakar last week, but its work in support of African champions is only just beginning. Read More
Ericsson supports Tigo Mobile Wallet in SenegalEricsson has announced that Tigo Senegal has launched Tigo Cash service based on the Ericsson Wallet Platform Solution. Read More
Senegal moves to protect citizens’ personal dataSenegal has launched a major public consultation exercise to seek practical and operational solutions to protect its citizens’ personal information, and promote the development of the digital economy. Read More
Bid to restructure Senegal’s online mediaA high-level media forum will be held in Dakar in November to seek ways of restructuring the country’s online media to make it more professional. Read More
Senegal mobile money’s new era as Mobibank launchesMobile money in Senegal has entered another decisive phase of innovation with the launch last week of Mobibank. Read More
ICT helps combat illiteracy in SenegalICT-led programmes are helping to address illiteracy in Senegal. Read More
Mobile technologies catalysts for development in SenegalAlcatel Lucent is participating in a mobile-based anti-diabetes campaign in Senegal. Read More
Orange, BNP Paribas open new retail mobile banking servicesOrange and the BNP Paribas group now offer retail banking customers in Africa direct access between their BNP Paribas account and their Orange Money account through their mobile phones. Read More
Data for Development challenge on in AfricaOrange has launched its second big data competition for the scientific community. Read More
Orange celebrates 10 millionth Orange Money customerOrange Money, now available in 13 countries, has marked its 10 millionth customer milestone. Read More
FEATURED STORYGSMA: half a billion mobile subscribers in SSA by 2020
The number of unique mobile subscribers in Sub-Saharan Africa will pass the half billion mark in 2020, says a new GSMA report.
BEST READ NEWS
IN DEPTHAfrica lags on digital migration
Only three African countries have so far completed the digital migration process, and serious issues are hampering the migration in other nations.