MTN had paid the first payment of N30 billion in the terms of settlement of the fine NCC imposed last year for failure to disconnect unregistered subscribers.

With the payment,the company has now paid a total of N80 billion.

The company had earlier paid N50 billion in February.

The fresh payment is coming after the NCC declared MTN as winner of its latest auction for a ten-year frequency spectrum licence for the 2.6GHz band.

The NCC had earlier confirmed that ‎MTN’s bid was in full compliance with the relevant provisions of the Information Memorandum (IM) for the exercise in which MTN emerged as sole approved bidder.

Although Nigeria is one of 28 African countries that currently offer 4G/LTE services, the rate of penetration is restricted to a few major cities. As such, MTN’s success in this auction is a big boost to its plan to deliver global mobile broadband and LTE 4G services to over 60 million customers in Nigeria.

MTN Nigeria Chief Executive Officer, Ferdi Moolman, said after complying with all the requirements for the 2.6GHz auction and making the licence payment of N18,96 billion to the NCC, MTN had been issued a letter of award.

“With the 2.6 GHz band, we expect to roll out and provide the full range of LTE services to Nigerians, empowering Nigeria with the latest mobile broadband technology,” said Moolman.

http://newsday.com.ng/mtn-pays-first-batch-fine/

Yep. Business ethics, South African economy is in deep mess right now due to Brexit they were worst hit in Africa, so i guess they're not ready to play with thier investment in other African countries. Good move by MTN.

Biko..if dis N30billion paid by MTN is termed as FIRST BATCH payment...the N50billion paid earlier nko?