Cameroon Accuses MTN & Others Of Owing Over $166 million In Taxes

The corruption board of Cameroon has claimed that MTN and France’s Orange Telecoms owes it nearly 100 billion CFA francs ($166 million) in taxes, including on games.

According the reports from the media, the corruption body found that taxes totaling 176 billion CFA francs had gone unpaid from various companies. Reuters reports majority of that amount s owed by MTN and Orange.

MTN is currently in court challenging a $3.9billion fine imposed on it by the Nigerian Communications Commission over the sim card registration issues.

MTN in its 2014 annual report said it had about 9.6 million subscribers in Cameroon.

The post above and its ensuing comments, if any, is purely the opinion of the writer(s). It therefore should never be considered as an investment advise of any sort. If required, readers should please consult a competent professional financial adviser for any investment decision.


January 2016
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