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Home Business News

Why Globacom failed to renew operating licence in Republic of Benin

Onome Ohwovoriole by Onome Ohwovoriole
December 20, 2017
in Business News, Company News
Nigerian Billionaires, Billionaire

Mike Adenuga (Jnr.) Chairman, Conoil Plc

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Nigeria’s second national operator, Globacom has lost its licence in the Republic of Benin according to media reports. The company began operations in the West African country in June 2008.

Why was this license not renewed ?

Negotiations between Globacom and Autorite De Regulation Des Communications Électroniques Et De La Poste (ARCEP)  the country’s telecom regulator broke down over its refusal to agree to new terms imposed by the regulator. Included in these terms was a reported increase in its license fee. The company had about 1.6 million subscribers in Benin Republic, according to data from ARCEP’s website.

Globacom was established on the 29th of August, 2003 and is Nigeria’s second largest telecommunications operator. Globacom has operations in other West African countries namely Ghana and Cote D’Ivoire.  The company made history in Nigeria, when it became the first GSM operator to implement per second billing.

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ARCEP Benin is the regulatory authority in charge of the communication sector in the Republic of Benin. This institution as his sisters throughout Africa is responsible for overseeing the communications and postal sector in Benin. .


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Tags: GlobacomRepublic of Benin
Onome Ohwovoriole

Onome Ohwovoriole

Onome Ohwovoriole has a degree in Economics and Statistics from the University of Benin and prior to joining Nairametrics in December 2016 as Lead Analyst had stints in Publishing, Automobile Services, Entertainment and Leadership Training. He covers companies in the Nigerian corporate space, especially those listed on the Nigerian Stock Exchange (NSE). He also has a keen interest in new frontiers like Cryptocurrencies and Fintech. In his spare time, he loves to read books on finance, fiction as well as keep up with happenings in the world of international diplomacy. You can contact him via onome.ohwovoriole@nairametrics.com

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