Cameroon will renew the operating license of South African mobile communication group MTN and give the group a third generation (3G) license for $125 million, industry sources said on Tuesday. The two leading operators in Cameroon - MTN and its rival Orange, a subsidiary of France's Orange - have been locked in negotiations with the government over the renewal of their licenses and clearance to offer 3G services. Cameroon's Minister of Post and Telecommunications Jean-Pierre Biyiti bi Essam said in a statement the government would hold a signing ceremony with MTN in Yaounde on Wednesday, but did not provide further details. Sources said Cameroon had demanded and got 75 billion CFA Francs ($125 million) each from both operators to renew the licenses.
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