Business & Finance
Brought to you by: Pastor Real Estate & Barclays
The Regulatory Authority for Telecommunications in Cote d’Ivoire (ARTCI) is reviewing three offers for new mobile concessions, including one from Monaco Telecom.
This comes just one week after ARTCI took the drastic action of removing the GSM mobile licences from Comium and GreenN for allegedly “underperforming,” capacity media.com reports.
Telecoms minister Bruno Nabagne Kone told the Reuters news agency that the government is considering offers from Monaco Telecom, Vietnam’s Viettel Group and the Libyan Post Telecommunications and Information Technology Company (LPTIC). Ironically LPTIC is the parent company of GreenN.
Nabagne Kone said: “We have three offers which will undergo an independent assessment, then a decision will be taken by the government.” He also said that the watchdog may decide to preserve the three-operator market – comprising Orange, MTN and Moov – if the offers are not good enough. This is contrary to ARTCI’s stated aim of re-aligning the region’s mobile market within a four-player framework.
To stimulate the market, ARTCI is promising a fair redistribution of spectrum resources. For its part the watchdog expects any new player not just to be able to provide a good GSM phone service but also be capable of providing fixed line, fast data and internet connections.
A number of sources have stated that Viettel Group is considered the most likely successful candidate given its track record in markets such as Burundi, Cameroon and Tanzania.
Government representatives, business leaders and officials from free and special economic zone nations around the world have come together for the first Su-MEET conference in Monaco. Held in the Crystal Room at the Fairmont Hotel, the two day event organised by the World Federation of Free and Special Economic Zones (FEMOZA) with the full cooperation […]
The similarities between Monaco and Singapore in the journey towards a complete digital transition were highlighted during a visit from the Singaporean Minister of Foreign Affairs in charge of the Smart Nation, Dr Vivian Balakrishnan. Minister Balakrishnan was greeted last Thursday by his local counterpart, Frédéric Ganta, the Interministerial Delegate in charge of the Digital Transition for […]
The Monaco Economic Board (MEB) recently hosted an event in Turin, Italy featuring the Monte Carlo Ballet in an effort to strengthen bonds between the two regions. Turin is the undisputed centre of the Piedmont region of Italy. Not only is it the regional capital, it is also the economic hub where success stories abound […]
Monaco achieved a record-breaking GDP of more than €6 billion in 2018, according to the latest figures from statistics group IMSEE. The Monegasque Institute of Statistics and Economic Studies (IMSEE) this week published the 2018 Gross Domestic Product (GDP) report showing positive growth in all sectors. After the slowdown of the past few years which […]