Tigo Senegal dispute nears settlement
SENEGALBy BiztechAfrica - 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 celebrates 10 millionth Orange Money customerOrange Money, now available in 13 countries, has marked its 10 millionth customer milestone. Read More
Senegal carries out public consultation on MNPSenegal’s Regulatory Authority for Telecommunications and Post (ARTP) is carrying out a public consultation on draft guidelines for the implementation of mobile number portability. Read More
Prepaid solar solution to boost Senegal agricultureUSAID has announced that the Sustainable Engineering Lab has been awarded $1.1M innovation grant to establish three smart solar irrigation pilot projects in the Millennium Village of Potou, Senegal. Read More
Senegal mobile subscribers top 12.6mThe total number of mobile subscribers in Senegal has topped 12.661 million, for a penetration rate of around 93%. Read More
Castalia to implement goocus pro pilot in SenegalJapanese IT firm Castalia Co will implement a pilot programme using its smartphone-based learning system in Senegal. Read More
Google expands YouTube partner programme in AfricaGoogle Africa has expanded the YouTube partner programme to Ghana, Nigeria, Senegal and Uganda. Read More
Obama pledges USD7bn for African powerUS President Barack Obama has pledged USD7 billion to help combat power blackouts in sub-Saharan Africa. Read More
MTN: inadequate backhaul holds back West AfricaWest Africa still has to overcome massive challenges to fully integrate into the digital age, MTN has told the Connecting West Africa conference in Dakar, Senegal. Read More
Senegal passes 11m mobile subscriber markSenegal has over 11 million mobile subscribers, giving it a penetration of over 94%, says the country’s regulator. Read More
Internet a ‘tremendous force for change’ in AfricaA new report issued by Dalberg Global Development Advisors, supported by Google Africa, indicates that the Internet is a tremendous, undisputed force for economic growth and social change in Africa. Read More
FEATURED STORYKenyan shift to Green Economy would generate USD 45bn by 2030
Kenya’s transition to a green economy could produce major economic benefits equivalent to an estimated USD 45 billion by 2030, a new study shows.
BEST READ NEWS
IN DEPTHE-waste threatens Ghana’s beaches
Many beaches in Ghana, already stressed by pollution and poor maintenance, are now facing a new threat: e-waste.
COMPANY NEWSFurther African expansion for Phoenix
Phoenix Distribution, a leading broad-based distributor on the African continent, has expanded its office in Nairobi, Kenya, in a move to better serve its partners in East ...