Sierra Leone Threatens to Take Control of Indebted Mobile Network
Published on: 14th Jan 2014
Note -- this news article is more than a year old.
By: Ian Mansfield
The Sierra Leone government has threatened to take over the management of the local mobile network operator Comium if the company is not able to settle outstanding financial problems and a strike by its workers.
The company has been in financial difficulties for some time now, and has lost customers to rival networks following complaints about the quality of its service.
Last November, one of its offices was sealed by bailiffs, and the rival networks stopped accepting inbound calls from its network over concerns about its ability to pay the termination fees.
Citing officials at the regulator, CFO World reported that the company has been told to "quickly come into agreement with debtors as well as .... workers, after which the government will allow them to continue with unhindered operation,"
The company has been given two weeks to come up with a meaningful business plan, otherwise the government may exercise an option to take over the company.
On the web: CFO World