An MTN service centre in Kigali, Rwanda. PHOTO | FILE
Investors in Rwanda’s Crystal Telecom have reason to worry after Rwanda’s leading telecommunications firm MTN was hit with a $8.5 million fine by the sector regulator.
Crystal Telecom, a listed public company, owns a 20 per cent stake in MTN Rwanda while MTN Group owns 80 per cent. The Rwanda Utilities Regulatory Authority (Rura) slapped the fine on MTN Rwanda for failing to comply with licence obligations, a development that has unsettled investors.
