Wednesday, February 22, 2012

ECONET WIRELESS SEEKS $3.1 BILLION DAMAGES FROM BHARTI AIRTEL

Econet Wireless is seeking at least $3.1 billion in damages from Bharti Airtel in a dispute over ownership of its subsidiary Airtel Nigeria, according to a suit filed 22nd of February 2012.

The move follows a Nigerian court ruling on January 30 2012, that Bharti Airtel’s ownership of its subsidiary, Airtel Nigeria, is “null and void” because co-founder and five per cent shareholder, Econet, was not consulted on the transfer.

South African-based Econet Wireless is disputing the Indian company’s ownership of one of its top African operations. Bharti said last month that its stake in its Nigerian unit was “completely safe” and that the world’s fifth-biggest mobile phone carrier by subscribers had appealed against the verdict.

“The claim for damages and equitable compensation against the Applicant and some of the Respondents might be in excess of $3 billion,” the document filed to the court said.

The above estimated damages might also be in addition to a claim for $100 million received by the Applicant as fees for the management of VNL (Vee Networks Limited, a former name of Airtel) for a period of six years which sum should have accrued.”

Bharti Airtel inherited the legal case as part of a $9 billion acquisition of Zain’s Africa operations in 2010, including 65 per cent of Zain Nigeria. The basis of Econet’s claim is that its five per cent stake was unfairly cancelled when Zain took control, so any decision made since then without it, including the transfer to Bharti, is void. The Nigerian court upheld that claim.

Nigeria contributes about 9.5 per cent to Bharti’s consolidated operational profits, the company says.

Econet disputed the buyout of Airtel’s stake from Zain Nigeria in 2010 because its right of first refusal over the stake was denied, in a dispute that had been ongoing since 2003, when the same assets were first sold to Vee Networks

Saturday, February 11, 2012

AIRTEL NIGERIA INTRODUCEs TALK TIME ADVANCE

Airtel Talk Time Advance service is a service that enables customers to request for advance airtime (credit) without physically recharging their airtime balance. The customer is required to send a request through a zero-rated code *500# which will provide all the denomination of airtime available to lend.
Use of service is only by customer’s request. A pre-qualified Airtel customer simply initiates a request by dialing *500# and his/her line (MSISDN) is credited with requested airtime which can be used for voice calls (on-net and off-net), SMS and Data.
The borrowed airtime credit is deducted when the customer recharges his/her line. The denominations of airtime available for lending on the Airtel Talk Time Advance service are:
· N50
· N100
· N200
· N500
In addition, users will be able to borrow denominations they qualify for directly by dialing:
· *500*50# for N50 airtime
· *500*100# for N100 airtime
· *500*200# for N200 airtime
· *500*500# for N500 airtime

There will be a 10% service charge for any amount borrowed. The 10% service charge is deducted directly from the borrowed credit implying that if a customer borrows N50, he will only get N45.

SERVICE ELIGIBILITY:

Customers can only borrow airtime based on the following factors:
· An active line: meaning customer’s line has not been suspended or deactivated under Airtel’s existing policies
· Network Age: A prepaid customer who has been on the Airtel network for a minimum period of three (3) months prior to the date of request for Talk Time Advance
· The customer must have re-paid all prior advance credit provided by (in the case of a returning customer)

REPAYMENT OF ADVANCE AIRTIME:
Customers of the service will be required to repay the advance credit within a period of 72 hours from when the customer’s line is credited.

Airtel will deduct the Advance airtime requested (N50, N100, N200 or N500) from the user main account at the time of next recharge or top up whether or not the customer uses the advance airtime borrowed.
The following recharge/ top up methods will be valid for the purpose of repaying the advance airtime.
· Airtel Recharge cards vouchers
· Me2U
· E-pins
· Easy Recharge
The advance airtime will be deducted from subsequent recharges by customers either by full or partial recovery until Advance airtime is recovered.

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Friday, February 10, 2012

ETISALAT NIGERIA OFFERS 160million NIGERIANS FREE INTERNET ACCESS TILL MARCH 2012 (GET YOURS NOW)


Telecommunication company in Nigeria "Etisalat", has unveiled a new scheme so as to allow Nigerians to access its internet service for FREE till March 2012.
This will make it possible for Etisalat subscribers and Non-Subscribers to experience the new broadband service at no cost.
Not only that Etisalat is offering FREE internet access till March 2012, but also rewarding the FREE internet users with exciting prizes.
To activate your FREE internet service and also get rewarded with prizes, visit http://easyblaze.etisalat.com.ng and enjoy :)

*YOU DON'T NEED TO BE AN ETISALAT SUBSCRIBER TO ENJOY THIS OFFER, SO ENJOY :)

Tuesday, February 7, 2012

MULTI-LINKS NIGERIA LAUNCHES PAY-AS-YOU-GO DATA TARIFF PLAN FOR ITS EVDO INTERNET USERS


Multi-Links Telkom Nigeria launches "Pay-As-You-Go" data tariff plan for its EVDO internet.
The new data tariff offers 2 packages, at the rate of N2 per minute and 5 kobo per kilobyte for the hourly and volume based plans respectively.
Demola Eleso, C.E.O Multi-Links Telkom, who made this disclosure recently, stated that "The Telecom company is determined to make its customers enjoy additional benefits based on a flexible billing pattern on Multi-Links' broadband Internet offerings, Multi-Links has introduced the “Pay-As-You-Go” tariff plan for its Internet users in order to make the service easily affordable and accessible to all classes/segments of the market."
The newly introduced "Pay-As-You-Go" package is at the rate of N2 per minute and 5 kobo per kilobyte for the hourly and volume based plans respectively. The new package is applicable to both the existing and new customers.

EVDO USERS WHO ARE TO ENJOY THE N2/minute "Pay-As-You-Go" PACKAGE ARE CUSTOMERS UNDER THE FOLLOWING PLANs:

50HRS N3,400 30 DAYS VALIDITY



100HRS N5,600 60 DAYS VALIDITY



250HRS N9,900 90 DAYS VALIDITY

WHILE EVDO USERS WHO ARE TO ENJOY THE 5KOBO/KILOBYTE "Pay-As-You-Go" PACKAGE ARE CUSTOMERS UNDER THE FOLLOWING PLANs:

24/7 (6GB) N9,000 30 DAYS VALIDITY



8AM-8PM (6GB) N6,000 30 DAYS VALIDITY



12AM-8AM (20GB) N3,500 30 DAYS VALIDITY

Customers under the 1x MODEM PLAN are not eligible to the newly launched "Pay-As-You-Go" data tariff plan.

*To know the data tariff plan you are on, between the hourly and volume based plans, call customer care on 111.

MULTI-LINKS NIGERIA UNVEILS LOWEST CALL TARIFF WITH FREE CALLS


Multi-Links Nigeria has introduced a new call tariff plan that offers the lowest On-Net rate ever in Nigeria.
The new call tariff plan offers On-Net call rate of 10kobo per second (N6 per minute) and Free On-Net calls between 10pm – 6.00am daily for its customers and prospective subscribers.
While calls made to other networks in Nigeria are charged at 25kobo per second (N15 per minute).

Demola Eleso, C.E.O Multi-Links Telkom, who made this disclosure recently, stated that "The brand is offering the lowest call rate in Nigeria Telecommunication sector as part of its loyalty reward to its customers."
The new tariff plan applies to only Multi-Links subscribers on the CoolTalk call plan.

To Migrate to CoolTalk, send the word "COOL" to "233" and call customer care on 111 to confirm your migration after 24hours.