Vietnam’s Deputy Prime Minister, Vuong Dinh Hue, is set to meet with the government of Cameroon next month to resolve a dispute between the shareholders of mobile operator Viettel Cameroon, which operates under the brand name Nexttel. Financial Afrik reports that the dispute involves the cellco’s shareholders, Vietnamese military-owned Viettel Group (70%) and local company Bestinver Cameroon (Bestcam, 30%), which have disagreed on issues such as signatures for financial transactions, the recruitment of staff, engagement of foreign partners, the purchase of telecoms hardware, and technology transfers.
In May this year the government launched an inquiry to investigate the dispute and has proposed a number of resolutions to end it, including reinstating Vietnamese employees at Nexttel.
Cameroon , Viettel Cameroon (Nexttel), Viettel Group , Corporate/Financial, Wireless
