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Ayman Irshaid CEO at Areeba

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Ayman Irshaid CEO at Areeba talks to Telecoms.com at the Middle East Telco World Summit 2011.

Guinean government seizes MTN assets

The Guinean government has seized MTN's assets in a dispute over fees

The Guinean government has seized all assets of MTN subsidiary Areeba. Under the terms of a decree signed by state president Alpha Conde and released to Reuters, the government has requisitioned personnel, equipment, infrastructure and facilities in a row over the payment of €15m in fees. The payment relates to MTN’s acquisition of local operator Areeba in 2007.