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MTN re-considering investing in crisis stricken Cameroon

MTN Group Ltd on Thursday March 9, said it is considering investing in countries such as Cameroon, classified by the group as “conflict markets.

In a recent review on it’s markets across Africa and the Middle East, the mobile-phone company states that is is doing a spring clean of it’s empire in these countries.

According to the Group Chief Financial Officer, Ralph Mupita, the company plans to take “appropriate action” if any of these countries are not cash-flow positive.

Regarding Cameroon, Mupita said MTN received a $6.6 million fine from Cameroon’s telecommunications regulator and a one-year reduction in its license term for allegedly not complying with spectrum and subscriber registration regulations.

Mupita also revealed that the company was also ordered to disconnect 3 million subscribers.“It’s a big priority to resolve this in the near term,” Mupita said. “If it’s not resolvable, then it’s not resolvable. We want to find an amicable resolution to stay.

Cameroon’s government, it would be recalled, had exhorted mobile companies including MTN, to cut internet from subscribers, in an attempt to douse protests from English speaking Cameroonians. Despite pressures from rights groups and international organisations against the ban, government remained unperturbed.

Government’s shutdown of internet in English speaking Cameroon had made life extremely difficult for millions of people in the country. Citizens in dire need of internet connectivity were forced beyond endurance to hunt for the high-tech communication technology in neighbouring cities making them to be tagged as internet refugees.  The Internet blackout did not only slow down businesses but shut them out with associated heavy financial losses

A coalition of rights groups monitoring internet outage recently disclosed that Cameroon has lost over $2.69 million as the internet shutdown in the country entered its third month.

Internet in Anglophone Cameroon, was partially restored  on April 20, 2017, after three months blackout.

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