South Africa's MTN pays $124 mln to extend Ivory Coast licence - CNBC Africa

South Africa's MTN pays $124 mln to extend Ivory Coast licence

Western Africa

by Reuters 0

MTN Group this week paid 75 billion CFA francs ($124 million) to extend its operating licence in Ivory Coast. Photo: Wikimedia.

South Africa's MTN Group this week paid 75 billion CFA francs ($124 million) to extend its operating licence in Ivory Coast, it said.

The money is 75 percent of the total cost of renewing the licence, which expires in April 2016.

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