Swazi MTN Says Not Opposed to SPTC Launching a Mobile Network
Published on: 29th Mar 2012
Note -- this news article is more than a year old.
Although the two companies have been in a lengthy dispute, MTN has now said that it is not opposed to Swaziland Post and Telecommunication Corporation (SPTC) launching its own mobile service.
However, such a service cannot be launched while SPTC is a shareholder in the local MTN company.
Swazi MTN had sued SPTC to force it to close down its own mobile network, citing a non-compete agreement when MTN originally set up the joint venture in the country.
The government, which owns SPTC has been preparing to switch the SPTC's stake in Swazi MTN to a government holding company to ensure that the two companies do not have direct stakes in each other.
The two companies have been fighting a case at the International Court of Arbitration over SPTC's mobile network. Damages that may be awarded to MTN are due to be decided in August.