Telecom operator Vodacom Lesotho took legal action against the sector regulator refuting the revocation of its license. On October 10, 2020, the telecom company won the first round of the legal battle as the Supreme Court temporarily canceled the revocation of the license and the payment of a fine of R134 million rand ($8.1 million).
The battle between Vodacom Lesotho and LCA stems from an accusation of violation of the rules of good governance. The telecoms regulator has questioned the subsidiary of the South African telecoms group Vodacom since the beginning of the year about its collaboration with a non-independent audit firm - associated with the sister-in-law of its president, Matjato Moteane.
Following the telecom company's prolonged silence on the issue, the regulator judged Vodacom Lesotho's reaction as "stubbornness" and "pride" due to its position as the country's main telecom operator. Indeed, the company has nearly 85% market share. On October 8, the LCA fined the operator and announced the revocation of its operating license.
Vodacom Lesotho, which had 14 days to reject this decision, explains that in the face of the regulator's "hostility," legal means seemed the only viable way to seek redress and avoid further harm to the brand, its reputation, and the interests of its customers, shareholders, and employees.
The Supreme Court will hear LCA on October 23, 2020. The telecom regulator will have to try to convince the Court not to make its temporary ruling a final one.
Ethio Telecom has signed a new agreement with Ericsson to expand and modernize its telecom netwo...
EIB commits over €1 billion for renewable energy in sub-Saharan Africa Funding supports Miss...
MTN Zambia tests Starlink satellite service connecting phones directly from space Direct-to...
Since its 2019 IPO, Airtel Africa paid Deloitte over $37 million in audit and non-audit fees,...
Nigeria introduced a 1% flat tax on the turnover of informal-sector businesses under a new presump...
Burkina Faso appoints Wendkuni Zombré as Air Burkina director general Airline resumed operations in 2024 after years of inactivity New leadership...
BOAD plans 750 billion CFA francs financing for Burkina Faso Funds to support key sectors and Relance 2026-2030 program Bank’s cumulative financing in...
Gabon seeks to attract U.S. investment into energy and water sectors Delegation presents $540 million development plan in Washington Government...
Chevron appoints former TotalEnergies executive Emmanuelle Garinet to lead exploration She will oversee exploration across sub-Saharan Africa and the...
With much of Africa’s cultural heritage still held outside the continent and restitutions in Europe moving slowly, a South African video game imagines...
Paris exhibition showcases Brazilian painter Gonçalo Ivo’s Africa-inspired works Show runs March 20-July 9 at La Maison Gacha Exhibition...