MTN Managing Director Chased Out, Glo Sells Off Properties, Workers Thrown Out, As Clamp Down Continues In Benin Republic

It is a total war against Telecommunication giants, MTN and Mike Adenuga's Globalcom, in Benin Republic over the week as Glo has began to lease, sell off their properties to meet the 3 months ultimatum given to them by the Benin government to vacate the country.

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A source exclusively informed Omonaijablog today that; “Globacom have been leasing their properties to other telecommunications companies and selling some off as the case might be so as to park within the next 3 months, failure which will sealed the fate of Glo in the country as they would not be able to operate as a corporate entity in Benin republic again.”

“Mtn is also currently having a serious problem with the Benin Government as we speak, the Managing Director of MTN Mr Stephen Blewett, have been sent parking from the country, his stay visa was said to have been revoked and with this, was asked to leave the country.”

“As for Glo, on the 30th of May 2016, they have forwarded a request for a license renewal from the Benin government but, the government decided to introduce some conditions that was not in the first contract Glo had with them.”

 

“This was dragging and the two parties failed to reach an agreement which eventual led to the revocation and sending the telecommunication giant parking away from Benin Republic.”

It could be recalled that on Monday December  18, 2017, L'Autorité de régulation des communications électroniques et de la poste (ARCEP); The commission in charge of telecommunications; decided to revoke the license of Glo mobile network in Benin Republic meaning the Glo mobile network can no longer operate in the country.

The countries new head, Président Talon, gave Glo mobile just one month to inform all their existing customers to use up the credits on their phone and to tell all their subsidiaries and sublets to sell all they have in their cares before the expiration of the 30 days ultimatum.

This implies that, at the end of the 30 days, all Glo mobile GSM lines won’t be able to work anymore in Benin republic. But, it should be noted however that this license that is being withdrawn from Globalcom was the one that was given to them on the 30th of August 2007, exactly 10 years ago so, it expired on the 19th of August 2017.

There have been problems for so many international corporate bodies in Benin republic since the assumption of the new president, Talon.