" ITREALMS: Why Globacom license was withdrawn

Thursday, December 21, 2017

Why Globacom license was withdrawn

The telecommunications regulator in the Republic of Benin, ARCEP-Benin, has withdrawn the operating licence of the Nigerian mobile network operator, Globacom, reports ITRealms.

This development, ITRealms gathered is sequel to a dispute over new terms, according to a document sighted by the Reuters.

ITRealms also gathered that the regulator, ARCEP-Benin, noted that it took the decision after negotiations with Glo Mobile Benin to renew its licence broke down earlier this month.

In addition, the regulator said that this followed after the company refused new conditions imposed by the government.

The parent company, owned by Nigerian billionaire Dr Mike Adenuga, could not immediately respond on this development as at the time of going to the press.

Equally, Reuters reports that the ARCEP document did not say what the government’s new conditions were, but a source close to the regulator, revealed that it included an increase in the cost of the licence renewal.

Glo Mobile Benin as at the end of 2015, had in excess of 1.6 million subscribers, even as Globacom operates mobile networks in Nigeria and Ghana. 

Chuks Egbune/GEE

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