It is official. MTN Cameroon has ceded its local “Wholesale” internet portfolio to Cameroon Telecommunications (Camtel), as per the provisions of a Memory of Understanding signed last week under the auspices of the country’s ministry of Posts and Telecommunications, reports from the capital Yaoundé said.

In return, the Cameroonian subsidiary of MTN Group will, through its entity MTN Global Connect, acquire internet capacities from Camtel and resell them to international customers.

Camtel is the country’s national telecommunications operator. MTN Cameroon has been under the microscope of ART (the regulator) since July 2019 when it was fined FCFA1 billion (nearly $1.9 million) for not complying, among others, with the law on the identification of subscribers in several localities. The deal is the culmination of intense negotiations that began in 2018.

Stephen Blewett, MTN Cameroon CEO, said: "As regulations have evolved, it is an activity that now falls under the responsibility of Camtel, whose status changed recently. We are handing it over to them by mutual agreement.”

In addition, Blewett said, the MTN Group unit in charge of internet capacity resale will, under a specific contract, acquire capacities directly from Camtel to meet international demands. Blewett also said that the deal testified that his company was committed to operate in strict compliance with the country’s laws and regulations.

Libom Li Likeng, minister of Posts and Telecommunications sector, said she was delighted to see the two operators operate in compliance with the country’s regulations.  “The best is yet to come,” she added.

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