MTN gets Dec 31 deadline to pay N674bn slashed fine.
Finally, the Nigerian Communications Commission, NCC, has reduced the
N1.04 trillion fine it imposed on MTN Nigeria to N674 billion.
However, the commission has also
mandated the telecom operator to pay the
fine on or before December 31, 2015.
The fine imposed on the telecom operator
was due to what NCC described as MTN's
inability to disconnect about 5.1 million
Nigerian subscribers improperly registered
on its network, after several warnings in
August and September 2015.
In reaction, MTN has said it would carefully
study the new development and would
mandate its Executive Chairman, Phuthuma Nhleko, to immediately and
urgently re-engage with the Nigerian authorities before
responding formally.
The reduction, which represents a 25 per
cent slash, provides MTN with a reprieve,
after series of meetings which have seen
several officials from South Africa thronging the country to negotiate the fine.
N1.04 trillion fine it imposed on MTN Nigeria to N674 billion.
However, the commission has also
mandated the telecom operator to pay the
fine on or before December 31, 2015.
The fine imposed on the telecom operator
was due to what NCC described as MTN's
inability to disconnect about 5.1 million
Nigerian subscribers improperly registered
on its network, after several warnings in
August and September 2015.
In reaction, MTN has said it would carefully
study the new development and would
mandate its Executive Chairman, Phuthuma Nhleko, to immediately and
urgently re-engage with the Nigerian authorities before
responding formally.
The reduction, which represents a 25 per
cent slash, provides MTN with a reprieve,
after series of meetings which have seen
several officials from South Africa thronging the country to negotiate the fine.
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