The mobile telecommunication giant MTN has withdrawn its application, filed at the Supreme Court, for a review of its classification as a significant market power (SMP).
A statement issued by MTN said: “Scancom Plc (MTN Ghana) wishes to advise of its engagements with the National Communications Authority (NCA) in a concerted effort to settle the procedural and administrative legal challenge concerning the NCA’s declaration of MTN Ghana as a significant market power (SMP).”
The statement further said that, given the progress made so far in good faith on settlement discussions with the NCA and the Ministry of Communications, the company has withdrawn its application, filed at the Supreme Court on 4 September 2020.
MTN believes its latest action will pave the way for further discussions and an amicable resolution in the spirit of the renewed channels of engagement.
“MTN Ghana identifies that a collective goodwill and commitment is necessary to help the entire industry thrive and support the government’s agenda to enhance connectivity and the availability of communication services in the country,” the statement said.
The company believes the decision to withdraw the case is in the interests of its customers and shareholders.
“We are convinced that this decision is in the best interest of our cherished customers, shareholders and other stakeholders. MTN Ghana would like to reassure its cherished customers and shareholders that our commitment to the delivery of a bold new digital world in Ghana continues to be resolute.”
The telco says it remains focused on providing the enabling technology to support Ghana’s digital economy through partnerships
MTN applied to the Supreme Court for a review of the high court ruling regarding the declaration that it wields significant market power.
In June, the Communications Ministry served notice that it will implement a raft of policies that will reduce the market dominance of the country’s largest mobile network operator, MTN.
A statement issued by the ministry accused MTN, operated by Scancom, of using its market size to exploit consumers, among other problems.
It added that corrective measures would be pursued to ensure fair competition for other telcos.