MTN pays 542 bn CFA francs to Cameroon

The local subsidiary of the South African operator, Mobile Telecommunications Network (MTN) said it had “paid 542 billion CFA francs to Cameroon between 2010 and 2014.

In a statement released on Tuesday, the day after a regular session of its board of directors, the firm talked about its “outstanding contribution” to public revenue and the socio-economic development of Cameroon, through the payment of 467.65 billion CFA francs to the government and the telecommunications regulatory agency (TRA) in terms of taxes, duties and other charges, in strict compliance with the regulations in force.”.

Similarly, out of the 75 billion CFA francs paid last year for the renewal of its operating license, MTN is proud to reinvest 53.1 % of its annual turnover in the business and the local economy, through infrastructure strengthening, the payment of salaries, the payment of invoices to service providers, the payment of commissions to partners and charitable activities.

This announcement occurs after the publication of a report of the National Anti-Corruption Commission (NACC) accusing MTN, but also the Cameroon Telecommunications Company (state-owned CAMTEL) and the French firm Orange of owing the state, for the past few years, the sum of 176 billion CFA francs in taxes, charges and unpaid fines.