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Swazi MTN Says Not Opposed to SPTC Launching a Mobile Network

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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.

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Tags: sptc  swazi mtn  Swaziland