Benin withdraws telecoms licence for Nigeria’s Globacom unit in renewal dispute

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COTONOU, Dec 19 – Benin’s telecommunications regulator has withdrawn the operating licence of Nigerian mobile telecoms company Globacom’s local unit in a dispute over new terms, according to a document seen on Tuesday.

The regulator, ARCEP-Benin, said that it took the decision after negotiations with Glo Mobile Benin to renew its licence broke down earlier this month after the company refused new conditions imposed by the government.

Officials with the parent company, which is owned by Nigerian billionaire Mike Adenuga, were not immediately available for comment.

The ARCEP document did not say what the government’s new conditions were, but a source close to the regulator, who asked not to be named, said they included an increase in the cost of the licence.

Glo Mobile Benin said it had over 1.6 million subscribers in 2015, according to the most recent statistics available on ARCEP’s website.

Globacom also operates mobile networks in Nigeria and Ghana.

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Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.

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