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MIC finally draws a line under Senegal licence dispute

12 Oct 2012

Luxembourg’s Millicom International Cellular (MIC) has issued a brief statement confirming that it has finalised an agreement with the government of Senegal, to settle the long standing dispute over the validity of subsidiary Tigo Senegal’s operating licence in the country. The agreement, first announced in August this year, will mean that in addition to the Senegalese government recognising MIC’s mobile concession, the telco will be granted a 3G licence as well as receiving an update to its existing permissions, allowing it to offer WiMAX, fixed line and cable TV services. For its part, MIC will pay an additional USD103 million over a series of instalments, with the total to be paid by December 2013. MIC will also receive a ten-year extension to its licence, which is now due to expire in 2028. The agreement brings an end to a dispute dating back to 2008.

Senegal, Free Senegal, Millicom International Cellular (MIC)

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