Scancom Plc, operators of MTN Ghana, has acknowledged media reports on moves by the regulator National Communications Authority (NCA) to review its operations to ensure fair competition in the telecoms industry.

MTN, however, said it is yet to receive a “formal notification from the regulator and awaits this to assess the details”.

On Monday, the Minister of Communications, Ursula Owusu-Ekuful, issued a statement, announcing “corrective measures” under the National Telecommunications Policy (NTP) to facilitate more market competition, ensure proper pricing for consumers and facilitate the overall growth of the industry.

This will see the review and approval of MTN’s pricing, according to law, since it has been declared a significant market power (SMP).

But a statement issued by Scancom Plc said: “MTN Ghana respects the NCA’s purview to regulate the telecommunications sector in Ghana based on legislation and best practices.”

They said they will come out publicly after assessing the details when they are formally notified.

“We would like to assure our cherished shareholders and customers that our commitment to the delivery of a bold new digital world in Ghana remains intact and they can count on our continued investment in infrastructure and innovative products and services,” the statement said.

It added: “MTN Ghana is focused on providing the enabling technology to support Ghana’s digital economy and drive productivity, particularly during the Covid-19 pandemic.”

It assured all that the leading telecommunications company will remain “ethical” and committed to all its regulatory obligations.