Monday, September 27, 2021

MTN Nigeria agrees to pay N100 million for license renewal 2020

MTN Nigeria License Renewal
MTN Nigeria License Renewal
After quite a long negotiation and follow up, MTN Nigeria has finally given in to government pressure, seconded in payment of $100m for renewal of its licence, which was said expired in October 2018.





Further information gathered by Daily Monitor, the renewal is said to run for the next 10 years.
Nevertheless, after the interview by Daily Monitor yesterday , Mr Keith Muhakanizi, the secretary to the Treasury and Finance ministry permanent secretary, confirmed MTN had agreed to pay the money.





In his statement:

“Government negotiated $100m, and they are going to pay. They have agreed,” he said without giving more details.

Mr Ibrahim Bosa, the Uganda Communications Commission (UCC) spokesperson also confirmed the figure, saying: 

“We are waiting for them to make the payments”, for the process of licence renewal to be kick started.

“They are likely to pay in two instalments and currently, meetings are ongoing to determine terms of payment,” he said.





In summary, 
After getting to go through this new license renewal deal, experts have warned that the telecom could transfer the cost burden to consumers.

What do you think?

Finally, in a letter, President Museveni directed UCC to explain why MTN’s licence was reduced to $58m from $100m that had been agreed on by Cabinet.

Lets get to know what you think!

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MTN Nigeria agrees to pay N100 million for license renewal 2020
Droidvilla Adminhttps://droidvilla.com
I am Nnoka Godswill also known as Favtechblogger, Droidvilla CEO! A final year student of the University of Port Harcourt, studying Electronics and Computer Engineering. Found passion in technology and decided to keep the world in touch with latest happenings around the world of technology. Email author at favtechblogger@gmail.com

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4 COMMENTS

  1. Such a large fee was really worth the license renewal. This decision was important for the state. However, this could not but affect its financial side

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