Tigo Senegal dispute nears settlement
SENEGAL| 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 SENEGAL NEWS
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
Free Wifi at Dakar’s Independence SquareInternet users visiting the city centre of the Senegalese capital city will now be able to browse the internet for free at the Independence Square (Place de l’Indépendance), as part of the Dakar Digital City project. Read More
Senegal prepares national plan to protect children onlineSenegal is taking action to ensure that its children are protected online and do not become victims of harmful content, cybercrime, bullying and other criminal offences perpetrated by syndicates on the internet. Read More
Tigo Senegal invests over US$220 000 to deploy 3G+ networkMobile operator Tigo Senegal says it has invested more than 110 million FCFA (about US$220 000) to deploy and expand the 3G+ network in various areas of this West African country. Read More
Construction on Senegal digital city to kick off in first half of 2015The construction of Senegal’s Diamniadio Valley is set to begin in the first half of this year, Senegal posts and telecoms minister Yaya Abdoul Kane said. Read More
French ICT group to create 1 000 jobs in Senegal digital cityAtos Group, a French company specialising in IT consulting, management and systems integration, says it will open offices in the soon-to-be-built Diamniadio Valley, where it aims to create 50 jobs this year and 1000 in the next three years. Read More
FEATURED STORYe-commerce space untapped, says phonekings head
E-commerce is the future, says the head of a new online electronics mall launched in Nigeria. Tayo Olusanya spoke to Kokumo Goodie in Lagos.
BEST READ NEWS
IN DEPTHVillagers get solar training at Barefoot College
The Botswana Human Resource Development Council (HRDC) has seconded seven semi-illiterate mostly Ngwatle villagers for a six month solar electrification training course at the famed Barefoot College in India.
COMPANY NEWSICT skills in Kenya to grow as ICT Authority and Microsoft sign MOU
Kenya’s ICT Authority and Microsoft have signed a Memorandum of Understanding (MOU), which will, among other things, see Microsoft offer support in providing a platform that will ...