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Published On: Thu, Jan 18th, 2018

TCN: ‘Phase 3 telecom does not owe FG’

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The Transmission Company of Nigeria (TCN)

Phase3 Telecom Limited (Phase3) has described as false information in a section of the media that it owes the Federal Government over a concession agreement with Transmission Company of Nigeria (TCN).
The denial is coming a day after Alheri Engineering limited also denied it owe the Federal Government the sum of $75,500,000.00 million (about N27.18billion at N360 to $1) over fibre optic agreement with Transmission Company of Nigeria (TCN).
In a statement, it said: “Phase3 firmly refutes such grossly erroneous publications and while we will ignore the unmerited insinuations that are far from true but intended to obscure what the real issues are.
“We wish to state very emphatically to all our esteemed clients and members of the general public that what was published is a clear distortion of facts and should be promptly disregarded.”
It said “Despite deployment challenges (including multi-year delays in linesmen allocation by TCN and devaluation/depreciation of the national currency), Phase3 is assuring that all undisputed payments such as total concession fee payment, royalties, and rental payment for equipment space to TCN are up to date.
“Although a dilapidated fiber optic network was inherited from TCN, Phase3 has however, deployed a total of 2000km and installed state-of-art transmission equipment along with the rehabilitation of the existing fiber. Concessionaires have thus far expended more than $100m as capital and operating expenditure on the project.
“Meanwhile, it is also important to stress that the issue at hand, which is bringing up all these unfounded allegations, is the attempt by TCN to resist the harmonization of right of way charges for deployment of fiber optic cables as agreed and communicated by the National Economic Council towards affordable broadband services in the country. This will, quite naturally, necessitate a review of the Right of Way (Row) charges for deployment of fiber optics on power lines (concession fees) to be at par with other RoW charges available in the telecom industry.
“Fortunately, the contract review process towards ensuring the success of this project for the overall benefit of the country is currently under the supervision of the Infrastructure Concession Regulatory Commission (ICRC), the regulatory agency saddled with this responsibility. And when that process is completed, we believe that we shall be vindicated as we continue to proffer affordable and robust service solutions that will see customers and other businesses rapidly leverage the opportunities of reliable broadband internet across Nigeria.
“Thus, enjoining it customers, partners and stakeholders to stay calm and remain assured as Phase3 is not charged with any such falsehood as may be further circulated in the news media.
“Fortunately, the contract review process towards ensuring the success of this project for the overall benefit of the country is currently under the supervision of the Infrastructure Concession Regulatory Commission (ICRC), the regulatory agency saddled with this responsibility.
“And when that process is completed, we believe that we shall be vindicated as we continue to proffer affordable and robust service solutions that will see customers and other businesses rapidly leverage the opportunities of reliable broadband internet across Nigeria.”

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