MTN seeks compensation from SPTC
SWAZILAND| July 18, 2012, 2:51 p.m.
MTN Swaziland is reported to be seeking over USD100 million in compensation from state-owned operator Swaziland Post and Telecommunication Corporation (SPTC).
This follows arbitration over SPTC products that competed with MTN mobile offerings, in contravention of an agreement not to do so.
MTN challenged the matter when SPTC launched a rival mobile network under the brand name ONE, saying SPTC held a stake in MTN Swaziland and could not offer mobile services in competition with MTN. SPTC was ordered to cease offering mobile services.
MTN Swaziland is now considering seeking USD102.2 million in compensation for SPTC’s breach of their agreement and for losses suffered when customers subscribed to SPTC services.
MORE SWAZILAND NEWS
MTN Swaziland offers mobile financial services with EricssonMTN has deployed Ericsson Converged Wallet to provide a premium mobile money experience for more than 275,000 mobile wallet users and 3,000 agents in Swaziland. Read More
LGR StarCare simplifies Mobilize Transit TV data managementLGR’s StarCare mobile self-service application is simplifying the management of Swaziland’s innovative new Mobilize Transit TV service. Read More
Swaziland Electricity Company’s operations with Sage CRMThe Swaziland Electricity Company has selected Sage CRM to help streamline its operations and customer service divisions, with Sage Premier Partner AccTech Systems as the technology partner for the project. Read More
Online science fair seeks next generation innovatorsThe third annual global Google Science Fair has been launched to find the next generation of scientists and engineers. Read More
Coca-Cola Swaziland implements smart energy managementCoca Cola Swaziland reports that it is seeing numerous benefits from its new smart energy management systems. Read More
DHL motorcycle couriers get BluetoothLogistics firm DHL has equipped its couriers in its Central Africa and Indian Ocean region with Bluetooth motorcycle helmets. Read More
SPTC staff write to PMStaff of the Swaziland Post and Telecommunications Coroporation (SPTC) have written to the Prime Minister amid fears that the dispute with MTN will threaten the company’s future. Read More
MTN Swaziland expands its mobile moneyMTN Swaziland is piloting mobile money partnerships with cooperative societies and micro-lenders, to expand the reach of its mobile money services. Read More
Swazi learners among Google Science Fair finalistsTwo learners from Lusoti High School in Swaziland have been named among the 15 finalists in Goggle’s annual global Science Fair. Read More
FEATURED STORYIHS plans to inject fresh $500m to grow capacity
Mohammed Darwish, managing director of IHS Towers, says the firm will soon inject another $500million into the business after raising some $2.5billion to finance expansion drives. Darwish spoke with biztecafrica.com in Lagos.
BEST READ NEWS
IN DEPTHAs curtain falls on MDGs, what next?
Dr. Bjorn Lomborg, president of the Copenhagen Consensus Centre, speaks to Biztechafrica about setting smart targets.
COMPANY NEWSMTN Business expands partnership with Samsung to offer enterprise customers increased security
Samsung Electronics South Africa has announced that MTN Business has been appointed as a reseller of Samsung’s KNOX licenses to its customers.