Nokia’s Nigerian Office Reopens After Brief License SpatBy and
Nokia office temporarily closed by regulator earlier this week
Regulator said company needs installation and sales license
Nokia Oyj reopened its office in Nigeria after the local regulator said it halted the network manufacturer’s operations in the country over a 2 million naira ($6,150) sales and installations license.
“They had started the process about three weeks ago, but stopped somewhere,” Tony Ojobo, spokesman of the Nigerian Communications Commission, said Friday by phone from the capital, Abuja. The company is required to pay for the license, he said.
Nokia until some years ago supplied the vast majority of mobile phones in Africa’s most populated country and is seeking to partake in the expansion of faster mobile networks as Nigerians buy more smartphones. The Middle East and Africa contributed 9.4 percent to the Helsinki-based company’s sales last year, according to its annual report.
Nokia’s administrative office in Lagos has been reopened and the company received formal written confirmation about the matter, a spokesman for the company said in an e-mailed statement.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- In One Tweet, Kylie Jenner Wiped Out $1.3 Billion of Snap’s Market Value
- China Regulator Seizes Anbang, Chairman Faces Fraud Prosecution
- U.S. Companies Abandon the NRA as Boycott Call Grows
- The Two Words That Will Help Get an Airline Upgrade Over the Phone
- Snap CEO Evan Spiegel Got $638 Million in Year of Firm's IPO