| Benin: Government reassigns Telecel's License to Etisalat |
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| Wednesday, 24 October 2007 | |
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The government of Benin has reassigned Telecel’s operating license to Etisalat. The government blames Telecel for, "failure to fulfil its engagements toward the Beninese State". Telecel’s network has not been disconnected, as the government wishes to ensure service continuity and not jeopardize the indirect and direct jobs created by Telecel Benin. As a result, the government has agreed to a takeover by Etisalat, the majority owner of Atlantique Telecom, which itself owns a majority of Telecel Benin. Telecel Benin had signed a memorandum of understanding in September under which they agreed to pay US$ 32.5 million as the first instalment for its license. Source: Cellular-News - WDR/Intelecon Regulatory News. |