Telecom

Guinea ordered to pay Global Voice Group $20 million for abusive breach of contract

Guinea ordered to pay Global Voice Group $20 million for abusive breach of contract
Friday, 30 August 2019 15:26

Global Voice Group (GVG), an ICT and telecoms solutions provider, won its case against the State of Guinea for wrongful termination of contract. The International Court of Arbitration of the International Chamber of Commerce of Paris has ordered the country to pay $20 million to the company as compensation for the damage suffered. The decision follows the complaint filed by GVG since December 8, 2016.

In May 2009, the French Post and Telecommunications Regulatory Authority (ARPT) signed a contract with the GVG group to provide the institution with adequate technical resources to control and tax incoming international and national calls, fight fraud, control the frequency spectrum, etc.

But in 2014, the telecoms regulator stopped paying Global Voice Group, claiming acts of corruption, fraud and results that fell short of international expectations and standards.

At the time of its complaint, GVG claimed the sum of $106,558,720 for unpaid debts and wrongful termination of the partnership agreement.

With their lawyer, Hughes Hubbard & Reed LLP, the Republic of Guinea and ARPT intend in the coming days to bring an action for annulment of the arbitral award before the Paris Court of Appeal and, if necessary, before the French Court of Cassation.

On the same topic
The Ugandan government says it will not restrict Internet access during the January 2026 elections. Authorities emphasize regulation and content...
Algeria launched a digital guide to improve labor market access for people with disabilities. Authorities positioned the initiative as part of a...
Senegal will deploy satellite antennas nationwide in 2026, President Bassirou Diomaye Faye said. The program aims to provide free internet access to...
Burkina Faso to accelerate online justice services rollout from 2026 New platforms enable remote filings, documents, prison visit requests Reform aims...
Most Read
01

The BCID-AES launches with 500B CFA to fund Sahel infrastructure, asserting sovereignty from the B...

AES Launches Confederal Investment Bank: A Strategic Pivot Toward Sahelian Financial Sovereignty
02

Togo passes new law tightening anti-money laundering and terrorism financing rules Legislat...

Togo Overhauls Anti-Money Laundering Rules to Meet Global Standards
03

Gabon names Thierry Minko economy and finance minister in Jan. 1 reshuffle Move follows tra...

Gabon Appoints Thierry Minko Economy Minister in Post-Transition Reshuffle
04

Ethiopia agreed in principle with investors holding over 45% of its $1 billion eurobond due 2...

Ethiopia Secures Preliminary Eurobond Restructuring Deal With Private Investors
05

Heirs Energies acquires M&P’s 20% Seplat stake for $496M, exiting french group Maurel & Pro...

Heirs Holdings Push Oil Equity Production to 50,000 Barrels Per Day Following $496 Million Share Acquisition in SEPLAT
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.