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Cote D'Ivoire to evaluate MTN licence

MTN's shares was down as much as 2% on Tuesday (7 May) after Ivory Coast's government named it as one of five companies that risked losing their operating licences because of poor levels of service.

8 May 2013

The Ivorian government plans to ensure that the country's seven operators are at least 15% locally owned.

"Within six months the state regulator of the Ivory Coast will take stock of all commercial, technical and financial agreements with the seven operators‚" Information Technology and Communications Minister Bruno Kone said during a visit to telecommunications operator MTN in Abidjan.

MTN International holds 64.67% in the Ivorian subsidiary and the remaining 35.33% belongs to other unspecified shareholders.

Source: I-Net Bridge

For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.

We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.

Go to: http://www.inet.co.za