Tigo Senegal dispute nears settlement

TELECOMS

|
Image: By BiztechAfrica
Tigo Senegal dispute nears settlement

Millicom International Cellular has announced that it and the  Republic of Senegal have reached an agreement in principle to settle amicably their dispute over the validity of Millicom’s license in Senegal.

Millicom said in a statement that this settlement is subject to the signing of final documentation between Millicom and the Republic of Senegal, as well as the publication of an amended license.

Under this agreement, the validity of Millicom’s Senegal subsidiary’s  license will be recognised by both parties. 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 has agreed to pay USD103 million to the government of the Republic of Senegal for these additional  license rights and spectrum.  The USD103 million will be paid in several instalments between closing of the agreement and December 2013.

In conjunction with the announcement, both parties are asking for a 3-month suspension of the ongoing arbitration proceedings, initiated in 2008 before the ICSID (International Centre for Settlement of Investment Disputes), in order to finalize the documentation needed for the transaction to close. 

Mikael Grahne, Millicom CEO commented: “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.

This agreement will enable us to enrich our product offering in Senegal  over the next 16 years with the addition of new services, including 3G mobile internet and mobile financial services that we are now offering  successfully  in Tanzania, Rwanda, Ghana  and  DRC. In Senegal, as in all our markets, we want Tigo to  strive to offer innovative products and services that are relevant to our customers.”



Share the News

Get Daily Newsletter

comments powered by Disqus

MORE TELECOMS NEWS

Airtel emerges top Social Media brand in Kenya

Airtel has been recognized as the top Social Media Brand in Kenya by the Africa Brand Index, a listing of the most successful brands in Africa on social media, according to key metrics such as community growth, content engagement, sentiment and dozens of others.     Read More

How NCC will tackle service quality: Prof Danbatta

The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof Umar Danbatta, says the Commission will take steps to address issues of such as multiple taxation, vandalism and others to ensure that the quality of service (QoS) headache becomes a thing of the past in the country. Read More

MTN, Liquid Telecom partner in Africa

MTN Group and Liquid Telecom have partnered to jointly offer customers access to the largest fixed and wireless footprint across the continent. Read More

Danbatta constitutes service quality Task Force

Worried by the general outcry about declining Quality of Service (QoS), in the telecommunications sector, the Nigerian Communications Commission (NCC) at the weekend set up a 9-member Task Force to proffer solutions to this problem. Read More

MTN’s position on Competition Commission ruling

MTN has responded to the recommendation by the South African Competition Commission that the proposed MTN and Telkom transaction be prohibited.  Read More

MTN Business presents the first Supplier Development Programme workshop to Gauteng entrepreneurs

MTN Business conducted the first Supplier Development Programme (SDP) and Accelerator Programme (AP) workshop at its headquarters in Johannesburg.  Read More

Telecom Namibia slams network vandals

Telecom Namibia has expressed concern over an upsurge of network vandalism impacting its fibre optic network. Read More

Mascom myzaka promo ends on high note

The Mascom Recharge 4 Zaka promotion has just ended with 36 lucky winners walking away with cash, airtime and phones to the total value of P358,000.00 (About $44 750.00). Read More

Tigo customers live the Digital Experience at Expo 2015

Tigo Rwanda has brought the real digital lifestyle to thousands of visitors at the International Trade Fair 2015 – EXPO 2015 in Kigali.   Read More

Airtel Nigeria grows subscribers to 30m

Bharti Airtel has announced the acquisition of its 30 millionth customer in Nigeria.  Read More

PRESS OFFICES

Sage ERP AfricaSAP AfricaSage Pastel AccountingTrust PayVMWareSamsung ElectronicsMitsumi DistributionPhoenix DistributionMTN BusinessSchneider ElectricMultichoiceMicrosoft 4Afrika

FEATURED STORY

Young innovators shine during pitch sessionsYoung innovators shine during pitch sessions

Botswana saw an array of upcoming tech wizards selling their ideas during the Vendors’ Day pitch sessions this week.

IN DEPTH

High tech homes: Just press playHigh tech homes: Just press play

High tech, digital homes where everything is automated and connected aren’t the stuff of science fiction any longer, says BNC Technology.