It is worth noting that mobile telephony has revolutionised the way people and businesses carry out their daily life activities worldwide and Cameroon in particular. In this regard, telecommunications and information technology is of utmost important in our social life, the economy, the business and education among others. Regrettably, the interacting innovations in products, services and technologies with a general convergence or blurring of distinctions between platforms, products and services has greated enormous challenges in the mobile telephony sector. From the forgoing, there is the need for regulatory measures in the mobile telephony sector in Cameroon in order to enhance its digital economy. This paper therefore, seeks to examine the fundamental principles of mobile telecommunications sector in Cameroon. This paper also aims at identifying the regulatory mechanisms with deterrent sanctions and fundamental rights and obligation of regulatory bodies (telecom operators) and appraises the current status of mobile telephony in Cameroon. In order to attain the above objectives, we employed doctrinal and analytical research methodology. This paper therefore, conclude with a number of recommendations which if effectively implemented and enforced, will go a long way to improve on the regulatory frameworks governing mobile telecommunication sector in Cameroon as the country strive towards emergence by 2035.