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South Africa's MTN pays $124 mln to extend Ivory Coast licence
December 17, 2015 / 10:25 AM / 2 years ago

South Africa's MTN pays $124 mln to extend Ivory Coast licence

JOHANNESBURG, Dec 17 (Reuters) - South Africa’s MTN Group this week paid 75 billion CFA francs ($124 million) to extend its operating licence in Ivory Coast, it said.

The money is 75 percent of the total cost of renewing the licence, which expires in April 2016.

$1 = 604.2900 CFA francs Reporting by Tiisetso Motsoeneng; editing by Jason Neely

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