LICENCE CONTRAVENTION
MTN Rwanda fined in $8.5m penalty
MTN said on Wednesday it had been fined $8.5m by the Rwanda Utilities Regulatory Authority for contravening the regulatory directives prohibiting the inclusion of MTN Rwanda in the MTN South and East Africa information and technology (IT) hub based in Uganda. This fine comes about 18 months after the Nigerian regulator fined MTN $1.7bn for flouting the customer registration rules. MTN Rwanda, which has 4.2-million cellphone subscribers, implemented IT managed services outside the country in contravention of the regulatory requirements. MTN Rwanda proceeded with this implementation “despite having discussed the matter with the regulator and having been warned that as such action would constitute a serious breach of licence obligations and appropriate measures would be taken,” the Rwandan regulatory body said. MTN Rwanda was studying the official notification and “will continue to engage with the regulator on this matter”, the JSE-listed MTN Group said. Mergence Investment Managers po...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.