By Modupe Gbadeyanka
Leading Nigerian telecommunications firm, Globacom, has lost its operating license in the Republic of Benin.
This followed the refusal of the country’s authorities to renew the license of the Nigerian company after it expired.
It was gathered that the country’s regulatory agency, ARCEP-Benin, gave new conditions to Globacom, but the firm refused to accept them.
This, according to Reuters, forced Benin’s telecommunications regulator to withdrawn Glo’s operating licence.
It was learnt that Glo refused new conditions imposed by the government.
Glo Mobile Benin said it had over 1.6 million subscribers in 2015, according to the most recent statistics available on ARCEP’s website.
The firm is owned by Nigerian billionaire, Mr Mike Adenuga.
