GNN Investigation: LoneStar MTN Revenue Intake Facing Challenges

GNN investigation has revealed that Liberia’s oldest mobile phone company, the LoneStar Cell MTN is said to be losing huge revenue since the acquisition of the Liberian operator Cellcom was finalized by Orange, through its subsidiary Orange Côte d’Ivoire, on 6 April 2016, allowing the Group to reinforce its presence in Liberia.

Lonestar Cell MTN launched its commercial operations in Liberia in July 2001, after having successfully won the auction for the first mobile license. Its license covers the use of both GSM and UMTS radio frequencies for the provision of integrated mobile services. Lonestar Cell MTN became the new brand name of the company in September 2007, following the acquisition of its mother company Investcom LLC by MTN Group.

The birth of Lonstar Cell MTN the only mobile company at the time gave Liberians the opportunity to utilize the mobile phone technology, while at the same time millions of United States Dollars was being acquired from its services nationwide, because at that time there was no competition in the sector.

Being adjusted to the usage of Lonestar Cell MTN  technology (Making and receiving calls via mobile phones and internet services), Liberians were overwhelmed and compelled to found part of its mobile phone services despite of the huge fees charged from scratch cards and others services that were been provided.

As a result of this hundreds of Liberians and foreign residents were awarded job opportunities by this GSM Company improving the living standards of those in the employ of it, while at the same time the larger population of Liberia was at the highest level enjoying the services of this oldest GSM Company.

With the emergence of Cellcom GSM in the sector, and the introduction of its many promotional services including ‘Free calls and other promotional services’ to subscribers, has reportedly given birth to Lonestar MTN nightmare with the browbeaten of its revenue.

According to our investigation, the revenue intake of Lonestar MTN which was estimated at annual revenue of $15.7 million has reportedly dropped to US$2.5 million due to what our source said is a result of unbearable taxes being imposed by the government.

Our source also said due to all of these reported difficulties being encountered by Liberia’s oldest GSM Company its workforce has been drastically reduced

Investigation continues.

Visited 514 times, 2 visit(s) today

Comments are closed.