Business Africa
MTN Cameroon announced the launch of a 4G mobile network in Cameroon to boost Cameroon’s economy while its Nigerian operations took to court the Communication Commission over a $3.9bn fine.
The Cameroon inroad is major in all aspects and would be useful to its nearly 10.4 million subscribers, a little over half of the West African country’s population of some 22.8 million.
“The 4G of MTN Cameroon is an evolution,” Linda Kouam, MTN’s chief marketing officer, told journalists, Thursday.
“Tous les abonnés MTN recevront GRATUITEMENT leurs SIM 4G avec 4Go offerts” –
— MTN CAMEROON (MTNCameroon) December 17, 2015LindaKouam
#MTN4GTurbo https://t.co/gpb8UBSk1Q
The $3.9bn fine was imposed on them for the alleged breach of rules on SIM-card registrations.
MTN had initially been fined $5.2bn for failing to disconnect users with unregistered SIM cards the fine was reduced and was due to be paid at the end of this month.
This initial fine was more than MTN’s total sales in Nigeria last year and the equivalent of about 37% of the group’s total revenue.
Its shares rose to 6.31% closing at R138.20 on the Johannesburg Stock Exchange (JSE) paring losses since the fine was imposed to about 25 percent.
01:13
Haiti police score rare victory, retake key communications hub from gangs
Go to video
How to keep your passwords really safe: advice from an expert
Go to video
Cameroon imposes significant penalties on Telecom giants Orange and MTN
Go to video
Nigerians outraged as telecom giants hike data prices amid economic hardship
01:00
Illegal internet access at high security prison in Peru
01:13
Nigeria Union rejects telecom tariff hike