MTN Benin ‘complying’ with sky-high regulatory fee demand

15 Nov 2017

South African-backed cellco MTN Benin has indicated that it will comply with demands for overdue spectrum fees by Beninese telecoms regulator ARCEP, under threat of sanctions including fines or licence suspension, Business Day reported. The local mobile market leader has been given until the end of the week to submit a response to the watchdog explaining why it has not yet paid frequency fees for 2016 and 2017 totalling XOF134.4 billion (USD238 million) which MTN has called ‘excessive’. The latest report quotes MTN Benin CEO Stephen Blewett as saying that his firm would meet the deadline. The Republic’s authorities have shut down other telecoms operators in recent months: Bell Benin Communications’ licence was withdrawn in August, while ARCEP declined to renew the licence of Globacom Benin in September. A financial analyst cited by Business Day agreed with MTN that its fee invoices were ‘very excessive’, as they amounted to three-times EBITDA.

Benin, ARCEP (Benin), MTN Benin