{"id":473291,"date":"2021-08-06T12:10:18","date_gmt":"2021-08-06T12:10:18","guid":{"rendered":"https:\/\/www.kapitalafrik.com\/?p=473291"},"modified":"2021-08-06T12:10:18","modified_gmt":"2021-08-06T12:10:18","slug":"rwanda-mtn-renews-its-telecoms-license-for-93-million-usd","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2021\/08\/06\/rwanda-mtn-renews-its-telecoms-license-for-93-million-usd\/","title":{"rendered":"Rwanda: MTN renews its telecoms license for 93 million USD"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p>MTN Rwanda, a subsidiary of the South African group MTN, has renewed its operating license in Rwanda for a sum of 91 billion RWF (93 million USD), according to local press. The mobile operator said it has obtained a 10-year unified license from the Public Utilities Regulatory Authority (RURA). The new license took effect on July 1, after the expiration of the previous one.<\/p>\n<p>The leading telecom operator listed in Rwanda Stock Exchange, MTN Rwanda, formerly M-Cell, also said it has paid 70% of the renewal fee, or around $ 65 million, and the remaining 30% will be settled by July 2022.<\/p>\n<p>The company further stated that the license fees as well as its ongoing operational and investment needs will be funded by cash generated from its operations and financial borrowing from local banks.<\/p>\n<p>MTN Rwanda officials stressed that with this new license, the company is preparing for investments to establish its hegemony in the local market.<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>MTN Rwanda, a subsidiary of the South African group MTN, has renewed its operating license in Rwanda for a sum of 91 billion RWF (93 million USD), according to local press. The mobile operator said it has obtained a 10-year unified license from the Public Utilities Regulatory Authority (RURA). The new license took effect on<\/p>\n","protected":false},"author":536116,"featured_media":473292,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[16068,12036,12012],"tags":[19627,19625,12871,19626],"class_list":{"0":"post-473291","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-fintech-telecom","8":"category-sectors","9":"category-telecoms-en","10":"tag-93-million-usd","11":"tag-mtn-renews","12":"tag-rwanda-en","13":"tag-telecoms-license","14":"post_format-post-format-aside","15":"pmpro-has-access"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Rwanda: MTN renews its telecoms license for 93 million USD - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, givemeaning to statistics. Our \u201cexaggerated pretensions\u201d inspire us. We will strive, and gradually, to conceive, comfort and reach them. Three versions, three approaches and a global vision. The website is constantly on the news. The newsletter relays information every morning to executives, bankers, university financiers, students. The monthly edition analyzes the information and explains the setbacks. A single credo initiates our journalistic approach: information = actors, facts = a pluralistic vision. 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We will strive, and gradually, to conceive, comfort and reach them. Three versions, three approaches and a global vision. The website is constantly on the news. The newsletter relays information every morning to executives, bankers, university financiers, students. The monthly edition analyzes the information and explains the setbacks. A single credo initiates our journalistic approach: information = actors, facts = a pluralistic vision. 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