Tigo Senegal dispute nears settlement
TELECOMS| Aug. 30, 2012, 8:51 a.m.
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.”
MORE TELECOMS NEWS
IHS Towers wins Africa Telecom Infrastructure Company of the Year awardIHS Towers has won the 2016 Africa Telecom Infrastructure Company of the Year Award at Africa’s Information Technology & Telecom Awards (AITTA). Read More
MTN Ghana triumphs with six GITTA awardsMTN Ghana overwhelmed competitors at this year’s Ghana Information Technology and Telecom Awards (GITTA) night when it swept six prestigious awards. Read More
Airtel Ghana CEO named Telecom CEO of the YearLucy Quist, the multiple award winning Managing Director of Airtel Ghana, has been crowned the Telecom CEO of the year at the Ghana ICT and Telecom Awards (GITTA). Read More
CTO chief seeks judicious spectrum valuation by African regulatorsThe Secretary-General of the CTO has advised African telecoms regulators to apportion appropriate value to spectrum. Read More
NCA to review the impact of OTT services on Ghana’s Telecom IndustryThe National Communication Authority (NCA) has said in a statement that it will review the OTT services situation and will in due course take decisions for an enabling regulatory environment that will benefit all stakeholders. Read More
Bharti Airtel announces new MD for UgandaBharti Airtel has announced the appointment of Anwar Soussa as the Managing Director of Airtel Uganda, with effect from 1 June 2016. Read More
Airtel opens new service outlet in LagosAirtel Nigeria, has opened a new service outlet, 'Expo Centre' at 47 Adeola Odeku Street, Victoria Island, Lagos. Read More
Mayor opens new ICT shopHer Worship the Mayor of Francistown has opened the doors of a new ICT initiative in Francistown, in the form of a shop from the country’s leading mobile communications provider, Mascom. Read More
Africell, Airtel on collision course over cableUganda’s Africell is set for a legal battle with Airtel as the two trade accusations over the theft of fibre optic cables. 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.