MTN resolves fee dispute with Guinea

News Wireless Guinea 9 MEI 2011
MTN resolves fee dispute with Guinea
Mobile operator MTN said it had resolved a fee row with the government of Guinea that had seen the West African country seize its assets there. A MTN spokesman told Reuters the matter between it and the government has been resolved and refused to divulge more details. Guinea's government had seized assets belonging to MTN in the row over payment of a EUR 15 million fee. A decree signed by Guinea President Alpha Conde said the government had decided to requisition all personnel, equipment, facilities and assets of the company from 2 May, until the dispute is settled. Guinean authorities had also warned MTN that it would suspend the operator's licence if a row over payments due to the government after MTN's 2007 acquisition of a local operator were not resolved by 29 April. MTN, the West African nation's leading mobile operator with 2 million subscribers, operates under the Areeba brand in Guinea.

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