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
Inaugural global science forum concludes with pledge to invest in basic sciencesThe Next Einstein Forum’s Global Gathering, Africa’s premier global science and technology forum, wrapped up this week with a clear path forward on how best to drive development through science, technology and innovation across the continent. Read More
Next Einstein Forum launches global call for a new era in science and technology in AfricaThe Next Einstein Forum has launched a global call for support for Africa’s scientific and technological emergence. Read More
Cashless Africa 'achievable through partnerships'The Alliance for Financial Inclusion (AFI) has renewed its partnership with MasterCard at the African Mobile Phone Financial Services Policy Initiative (AMPI) meeting. Read More
Travellers more tech savvy78% of global travellers are using digital information while planning their trips; 66% resorting to digital sources for travel tips at the destination, says Visa. Read More
Orange Senegal names D4D winnersNational development and population welfare took centre stage as Orange announced the winners of its big data ‘Data for Development’ Challenge Senegal. Read More
Alcatel-Lucent to open network management centre in DakarAlcatel-Lucent will in the near future open a supervision centre for networks management in Dakar, the company MD Michel Combes told a press briefing in the Senegalese capital city. Read More
Orange, Senegal govt announce end of 4G test phaseThe test phase of 4G technology in Senegal has ended this week, the government announced on Tuesday. Read More
Senegal ready to migrate to digital broadcasting: Amadou TopDigital TV will be available everywhere in Senegal come 17 June 2015, says Amadou Top, the executive director of CONTAN. Read More
Job fears in Senegal as Tigo outsources network managementPeople working for Tigo Senegal are worried about their jobs after the mobile operator signed an agreement that handed over the management of its network to the Swedish telecom giant Ericsson. Read More
FEATURED STORYGovernment should encourage youths in ICT early
Youths should be given more encouragement to develop their ICT skills, an 11-year-old app developer told Kokumo Goodie.
BEST READ NEWS
IN DEPTHIBM Opens First Cloud Data Centre in South Africa
IBM is opening a new IBM Cloud Data Centre in Johannesburg, South Africa. The new cloud center is the result of a close collaboration with Gijima and Vodacom and is designed to support cloud adoption and customer demand across the continent.
COMPANY NEWSMTN Business partners SMEasy to give entrepreneurs access to easy accounting solutions
MTN Business, in partnership with online accounting tool SMEasy, today announced the launch of an agile, fit for purpose business management and easy accounting solution for small ...Enhancing your security posture to fight new ransomware threats
Petya ransomware is proving to be one of the top cybersecurity stories of 2016.Arbor stops malware in its tracks
There is always a substantial amount of banking trojan activity taking place, however, recent developments have intensified the threat landscape.