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Guinean Government Threatens to Shut-Down Mobile Network

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The Guinean government has threatened to revoke the mobile network license held by South Africa's MTN if it does not make a payment of EUR15 million by the 2nd May to settle a long running dispute.

MTN brought the local mobile network, Areeba in 2007 as part of the US$5.53 billion offer for Investcom, which had mobile phone operations in Africa and the Middle East.

Since the transaction, the government has claimed that it is owed EUR15 million from the deal.

A spokesman for MTN in South Africa told the Reuters news agency that he could not immediately comment on the issue.

On the web: Reuters

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Tags: mtn  areeba  investcom  Guinea