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MTN strikes deal with Nigeria to set fine at US$1.66bn

Connectivity BusinessbyConnectivity Business
June 10, 2016
in Government and Legal, Space Services
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South Africa-based MTN has agreed to pay the Federal Government of Nigeria (FGN) a fine of NgN330bn (US$1.66bn) over a three-year instalment plan. The Nigerian Communications Commission (NCC) imposed a US$5.2bn fine on MTN Nigeria in October 2015 for being slow to switch off unregistered SIM card holders, prompting a complete management overhaul at both group and country level. South Africa-based MTN (JSE:MTN) has agreed to pay the Federal Government […]

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Tags: AfricaFederal Government of Nigeria (FGN)MTNMTN NigeriaNigerian Communications Commission (NCC)PremiumTF246
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