An Omani company acquires the MTN mobile phone company in Yemen

  The brand will switch from MTN to YOU ​​at the end of next February (AFP)

An official at the Omani Emerald International Investment Company announced today, Sunday, that the company approved trade mark New in place of the MTN brand for mobile phone in Yemen after acquiring most of its shares.

The official told “Reuters”, today, Sunday, that a meeting held by the Chairman of the Board of Directors and the Executive Vice President of the company yesterday, Saturday, in the capital, Sanaa, approved the new name of the company to be the Yemeni Oman United Telecommunications Company (YOU), starting from the end of February / next February.

The meeting also approved the payment of two salaries to all company employees, including the daily wage and another salary at the end of February.

The Omani Emerald International Investment Company announced on November 22 that it had acquired most of the MTN mobile phone shares in Yemen, days after the South African group announced its withdrawal from the poor Arab country torn by war for seven years.

The Omani company added in a statement that it had acquired 97.8 percent of MTN’s shares in Yemen.

The statement said that the acquisition took place in accordance with international standards, and that the withdrawal procedures for (MTN) went smoothly, and will not have any financial or negative impact on the company’s services.

In late November, the Ministry of Communications and Information Technology in the internationally recognized Yemeni government refused to acknowledge the measures taken by MTN to end its services in the country and sell its shares to another telecom company.

An official source at the Ministry of Communications confirmed in a press statement, published by the Yemeni government news agency at the time, that the ministry did not recognize “any party that MTN has agreed with or sold its share to to get out of Yemen without consulting or returning to the legitimate Yemeni government and without taking into account the legal obligations to return.” the Ministry for any action taken.

He said that the Ministry of Communications threatened that “the legitimate government will take measures to preserve the legal rights of the legitimate government, protect the Yemeni consumer and network user, and the government’s right to pursue him in accordance with Yemeni and international laws.”


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