Benin Republic has withdrawn the operating license of mobile telecoms company, Globacom.
Globacom, which was founded by Nigerian business mogul, Mike Adenuga, could not come into agreement with the ARCEP-Benin, the telecommunications regulator in that country, on new terms.
According to the regulator, the company refused to accede to its new terms for the renewal of the license, including a reported increase in the cost of the license, according to a report by Reuters.
Glo Mobile Benin said it had over 1.6 million subscribers in 2015, according to the most recent statistics available on ARCEP’s website.
The telecoms company also operates mobile networks in Nigeria and Ghana.