Monday, April 30, 2012

Regulator ordered to pay MML USD76 million

The Blantyre High Court’s Commercial Division has ordered the Malawi Communications Regulatory Authority (MACRA) to pay USD66.85 million to defunct wireless operator Malawi Mobile Limited (MML) for breach of contract, local newspaper The Nation reports. The case dates back to 2005, when the telecoms regulator stripped MML of its licence, stating the company failed to roll out its network on time. The cellco went on to contend the revocation of its licence in court, arguing that the move was a breach of contract, and said it would seek USD135 million in compensation.


See more here:

OVETEL Regulator ordered to pay MML USD76 million

No comments:

Post a Comment