The government of Cameroon has stated it will renew the operating license of MTN, the South African Mobile Communication Group, and additionally give them a third generation license at the cost of $125 million according to a report.
The approval of the license could boost the internet penetration and spur growth in the online business sector in the country –the biggest economy in Central Africa.
The report stated further that just six percent of the population of Cameroon have internet access (one of the lowest in Africa) despite more than 16 million mobile phone users.
“The Government would hold a signing ceremony with MTN in Yaounde on Wednesday,” Cameroon’s Minister of Post and Telecommunications Jean-Pierre Biyiti bi Essam said.
The report further revealed that the Cameroonian government had demanded and got 75 billion CFA Francs ($125 million) from MTN to renew the license.