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MTN addresses the Supreme Court for the resolution of SMP’s statement
Telecommunications giant MTN Ghana is in the Supreme Court to request a review of the High Court ruling that annulled its lawsuit against the network’s National Communications Authority (NCA) declaration as a Significant Market Power (SMP).
In a statement issued Sept. 5, MTN said it filed documents on Friday, Sept. 4 in the Supreme Court after careful review of the court’s ruling.
On September 1, 2020, the High Court of Justice (Commercial Division) dismissed the company’s request for judicial review of MTN Ghana’s NCA declaration as SMP.
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MTN said that while it respects the decision, the ruling did not address its concerns that “the NCA decision did not meet the requirements of procedural fairness.”
“MTN Ghana recognizes the duties and powers of the NCA to promote fair competition among licensed operators. We also support the legitimate exercise of regulatory powers of the NCA, but as a good corporate citizen and considering the international investment community, we believe that a decision of the “The highest court in the country would provide certainty and true precedence over procedural fairness in this and future regulatory decisions of the Authority. This will undoubtedly safeguard the interest of customers, shareholders, investors and the industry in general, “the statement said.
“We believe that Friday’s passage still provides an opportunity for further engagements with regulatory authorities. Indeed, MTN Ghana continues to reach out to the regulator and key stakeholders so that the concerns of both parties are addressed in a collaborative and friendly manner.”
MTN Ghana stressed that it “will refrain from making further statements or comments on this matter until it is necessary to update all interested parties on future material developments.”
Read the full statement below;
COMMUNICATED TO THE MEDIA
MTN GHANA REQUESTS THE SUPREME COURT THE RESOLUTION OF THE SMP DECLARATION
Accra September 5, 2020. Scancom Plc. (MTN Ghana) would like to inform its clients, shareholders and other stakeholders that it filed documents on Friday, September 4, in the Supreme Court to review the recent Supreme Court decision regarding the declaration of MTN Ghana as a Significant Market Power ( SMP). This step was taken after careful review of the Court’s judgment.
On September 1, 2020, the High Court of Justice (Commercial Division) dismissed the company’s request for judicial review of the MTN Ghana National Communications Authority (NCA) declaration as SMP. MTN Ghana respects the decision of the Court; however, in our opinion, the ruling did not address our concerns that the NCA’s decision did not meet the procedural fairness requirements.
MTN Ghana recognizes the duties and powers of the NCA to promote fair competition among licensed operators. We also support the legitimate exercise of the regulatory powers of the NCA, but as a good corporate citizen and considering the international investment community we believe that a decision from the highest court in the country would provide certainty and true precedence over procedural fairness in this, and future decisions. regulatory authority. This will undoubtedly safeguard the interest of customers, shareholders, investors and the industry in general.
We believe that the passage of Friday still provides an opportunity for new commitments with the regulatory authorities. Indeed, MTN Ghana continues to communicate with the regulator and key stakeholders so that the concerns of both parties are addressed in a collaborative and friendly manner.
MTN Ghana further assures its dear customers, shareholders and other stakeholders of its unwavering commitment to its regulatory obligations and support of the Ghanaian government’s efforts to enhance growth and competition in all segments of the telecommunications market. The company will continue to invest and innovate to realize its belief that all Ghanaians deserve the benefits of a modern connected life.
MTN Ghana will refrain from making any further statements or comments on this matter until it is necessary to update all interested parties on future material developments.
Final.
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