MACRA imposes MWK 820 mln fine on Airtel Malawi for failing to reach 20% local shareholding

Wednesday 9 October 2019 | 09:38 CET | News
The Malawi Communications Regulatory Authority (Macra) has fined mobile service provider Airtel Malawi MWK 820 million for failing to comply with the Communications Act, which says that 20 percent of its shareholding should be local, reports Malawi24. MACRA director general Godfrey Itaye said the fine was adjusted from MWK 500 million, as after failure to comply with the act, Airtel was fined MWK 20 million per fortnight, which has accumulated to MWK 820 million. 

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Categories: Mobile & Wireless
Companies: Airtel Malawi / Macra
Countries: Malawi
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