Scancom Plc. (MTN Ghana) on Friday 4th September filed papers at the Supreme Court seeking to review the High Court’s recent decision regarding the declaration of MTN Ghana as a Significant Market Power (SMP). This step was taken after a careful review of the the High Court of Justice (Commercial Division) judgment on September 1, 2020, which dismissed the company’s application for a judicial review of the declaration by the National Communications Authority (NCA) of MTN Ghana, as an SMP.

In a press statement released on the 5th September for its customers, shareholders and other stakeholders, MTN Ghana said that although it respected the decision of the Court, the judgment, in the Company’s opinion, did not address their concerns that the NCA’s decision did not meet the requirements of procedural fairness.

MTN Ghana, the statement said, acknowledged the duties and powers of the NCA to promote fair competition amongst licensed operators and also supported the legitimate exercise of the NCA’s regulatory powers. It noted, however, that as a good corporate citizen and considering the international investment community, MTN Ghana believed that a decision by the highest court of the land would provide certainty and a veritable precedence on the procedural fairness in this, and future regulatory decisions of the Authority. This would, no doubt, safeguard the interest of customers, shareholders, investors and the wider industry, the statement added.

It said that MTN Ghana believed that Friday’s step still provided an opportunity for further engagements with the regulatory authorities. The statement noted that MTN Ghana continued to reach out to the regulator and key stakeholders to have the concerns of both sides addressed in a collaborative and amicable manner.

MTN Ghana further assured its cherished customers, shareholders and other stakeholders of its unflinching commitment to its regulatory obligations and support for the Ghanaian Government’s efforts to enhance growth and competition in all segments of the telecommunications market. The statement said that the Company would continue to invest and innovate to realise its belief that every Ghanaian deserved the benefits of a modern connected life.

It said that MTN Ghana would refrain from further statements or comments on this matter until it became necessary to update all stakeholders of future material developments.

About MTN Ghana

MTN Ghana is the market leader in the increasingly competitive mobile telecommunications industry in Ghana, offering subscribers a range of exciting options under Pay Monthly and Pay as You Go Services and Mobile Financial Services. The company has committed itself to delivering reliable and innovative services that provide value for subscribers in Ghana’s telecommunications market. Since its entry into Ghana in 2006, MTN has continuously invested in expanding and modernizing its network in order to offer superior services.