Tigo Senegal dispute nears settlement

SENEGAL

|
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 SENEGAL NEWS

Senegal’s national digital strategy in spotlight at ICT forum

Senegal’s national digital strategy is expected to be discussed at a high-level ICT forum due to take place on Thursday 22 January 2015 at the King Fahd Palace in the capital Dakar. Read More

One primary school pupil, one tablet: Dakar mayor

Khalifa Sall, the mayor of the Senegalese capital Dakar, has an ambitious plan to equip all the pupils of primary schools of his city with tablets. Read More

Senegal mobile number portability in February 2015

Mobile telephone users in Senegal will from February 2015 be able to cross over to the network of their choice while keeping their current numbers. Read More

US$1.1-million to launch solar chargers in rural Senegal

The government of Senegal has put aside US$1.1 million (545 million FCFA) to launch solar panels in the non-electrified rural areas with the aim of helping mobile users to charge their phones. Read More

Senegal govt, AfDB to build US$120 million digital park

The Senegalese government and the African Development Bank (AfDB) will join forces to put aside about US$20 million and US$100 million, respectively, to build a mega-digital park in the city of Diamniadio. Read More

Senegal to issue smart ID, voter’s cards

The government of Senegal is planning to issue new smart ID documents and voter’s cards, a project it said will strengthen the administration and fight identity theft. Read More

255 new mobile stations for Senegal pilgrimage

A total of 255 new mobile stations or BTS antennas have been made available in Senegal by SONATEL to cater for millions of Mouride believers who have gathered to the ‘holy city’ of Touba for their annual religious pilgrimage called ‘Magal de Touba’. Read More

Senegal, World Bank launch mobile survey on living conditions

A household survey called A l’écoute du Sénégal ("Listening to Senegal") was launched late last week in this West African nation by the Senegalese government in association with the World Bank. Read More

4G tests must be free, warns Senegal regulator

Senegal’s telecommunication regulator last week warned telecommunications companies not to charge users during their 4G tests. Read More

Senegal landline telephone market in sharp decline

Figures released by Senegal’s telecoms regulator, ARTP, show that landline numbers have been sharply declining since September 2013. Read More

PRESS OFFICES

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

FEATURED STORY

UCC launches 2015 ACIA awardsUCC launches 2015 ACIA awards

Uganda has launched the fifth Annual Communications and Innovation Awards, which celebrate and foster ICT innovation and achievement.

IN DEPTH

Kenya’s digital TV battle hots up Kenya’s digital TV battle hots up

Kenya’s journey to Digital TV broadcasting took a new turn this week, when the Communication Authority of Kenya (CAK) accused three local media firms of intent to disrupt the process.

COMPANY NEWS

MTN to empower African businesses with AWS Direct Connect

MTN Group today announced it would be the first African company to offer Amazon Web Services (AWS) Direct Connect to business customers across multiple countries on the ...

“All Systems GO!” for the DStv Eutelsat Star Awards in Zambia

It’s “All Systems GO!” for the winners of the fourth edition of the DStv Eutelsat Star Awards to be announced at the awards ceremony in Lusaka, Zambia ...

Spectra Wireless, Microsoft 4Afrika launch first commercial TV white spaces services in Africa

University students will now get fast, affordable Internet bundles and receive zero-interest financing when purchasing a new device.