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Nairaland Forum / Nairaland / General / Politics / N70bn Debt: NCC Frets Over Telcos’ Finances (9055 Views)
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N70bn Debt: NCC Frets Over Telcos’ Finances by dre11(m): 9:16am On Feb 12, 2021 |
…mulls new capital structure for operators The telecoms regulator, Nigerian Communications Commission (NCC) has expressed worry over the financial state of telecommunications companies in the country. According to the commission, an audit of the financial status of the telcos revealed that some of them are not in good health financially. https://www.newtelegraphng.com/n70bn-debt-ncc-frets-over-telcos-finances/
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Re: N70bn Debt: NCC Frets Over Telcos’ Finances by Nobody: 9:17am On Feb 12, 2021 |
N70 billion debt and the commission was letting it raise without any action? This country get as E dey go.... Everything is on a standstill. The only thing working in this country are the marauding Fulani herdsmen.... Killing and raping. The Netherlands government should please answer me. I don taya. 18 Likes 2 Shares |
Re: N70bn Debt: NCC Frets Over Telcos’ Finances by agitator: 9:22am On Feb 12, 2021 |
I believe it is those with majority Nigerian share holders that are suffering the crisis, Nigerians just believe in starting a business and taking profit instead of reinvesting to improve the quality of service to customers. MTN had been declaring excessive profits year on year in the Nigerian telecom space. The same is playing out in the DISCOs, They just saw investing in the power sector is put in little and collect profit. No new equipment no expansion just milking the existing customers. If they need more profit, increase price. It as simple as ABC. Who will rescue the consumers, nobody. The commission is only sounding the alarm because nothing is coming to the from those people due to the huge debt of the other Telcos apart from MTN. 19 Likes 1 Share |
Re: N70bn Debt: NCC Frets Over Telcos’ Finances by Gondonu: 9:23am On Feb 12, 2021 |
Wetin concern NCC with the financial viability of tele- communication companies? Abi they want to take loan for them again ni? The companies may not tell the whole truth during their audit exercise to beat government choking taxation policies.So dont be deceive. 4 Likes 3 Shares |
Re: N70bn Debt: NCC Frets Over Telcos’ Finances by Officialgarri: 9:31am On Feb 12, 2021 |
When you see this kind of report, it's only because they have finished their assignment but doesn't want the mews to hit you as a shock. Expect hike in tariff 8 Likes 1 Share |
Re: N70bn Debt: NCC Frets Over Telcos’ Finances by HigherEd: 2:04pm On Feb 12, 2021 |
What's your own if they aren't in good financial health. Is government part of the shareholders or did government borrow them money. If not, dying is part of capitalism. The telco market is a multi billion dollar industry - let other qualified players come in. 4 Likes 1 Share |
Re: N70bn Debt: NCC Frets Over Telcos’ Finances by olaric(m): 3:16pm On Feb 12, 2021 |
Why won't they be in serious debt when they're bedeviled with series of issues including: multiple taxation, high licence renewal, erratic power supply, high cost of diesel to power their base stations, regulatory cost, etc. Nigeria is not a conducive place for business to survive. 7 Likes 1 Share |
Re: N70bn Debt: NCC Frets Over Telcos’ Finances by Seniorwriter(m): 3:17pm On Feb 12, 2021 |
JidennaJason:Billions everywhere...by God grace they will....howbeit make sure you act and live like an international citizen. Proactivity Leads To Productivity!!!! @SeniorWriter 2 Likes
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Re: N70bn Debt: NCC Frets Over Telcos’ Finances by RRodwave(m): 3:17pm On Feb 12, 2021 |
adeyemipelu: Have you finished? 1 Like 1 Share |
Re: N70bn Debt: NCC Frets Over Telcos’ Finances by Akfrenzy(m): 3:19pm On Feb 12, 2021 |
it's like they wan to borrow from them or wan borrow to pay for them |
Re: N70bn Debt: NCC Frets Over Telcos’ Finances by Ubykcee(m): 3:22pm On Feb 12, 2021 |
Re: N70bn Debt: NCC Frets Over Telcos’ Finances by CapodeCapouti(m): 3:28pm On Feb 12, 2021 |
NCC, you expect the Telcos to tell/show you the true state of their financial health? So you can kill them with taxes and more charges? No coy in Nigeria reveals the true state of their finance to government or any regulator. 2 Likes 2 Shares |
Re: N70bn Debt: NCC Frets Over Telcos’ Finances by Evilgenuis: 3:28pm On Feb 12, 2021 |
Nothing is working in this country 1 Like 1 Share |
Re: N70bn Debt: NCC Frets Over Telcos’ Finances by DJ10rounds(m): 3:28pm On Feb 12, 2021 |
Remember to stay and eat healthy.order your soyabean powder today. It is good for both adults and infants. |
Re: N70bn Debt: NCC Frets Over Telcos’ Finances by Ursadorable: 3:30pm On Feb 12, 2021 |
It's is well....that's all I can say for our dear country 1 Like 1 Share |
Re: N70bn Debt: NCC Frets Over Telcos’ Finances by Nobody: 3:32pm On Feb 12, 2021 |
dre11: Telecoms is a cash cow. An industry-wide liquidity crisis only means the regulatory bodies are either compromised or not doing their jobs (mostly the same thing in Nigeria)...which was why a career crook like Keem was able to waltz into the sector and plunder etisalat back then... 1 Like 1 Share |
Re: N70bn Debt: NCC Frets Over Telcos’ Finances by GamalNasser: 3:39pm On Feb 12, 2021 |
Buhari has finally destroyed the Telecom industry 1 Like |
Re: N70bn Debt: NCC Frets Over Telcos’ Finances by spafu(m): 3:41pm On Feb 12, 2021 |
We move |
Re: N70bn Debt: NCC Frets Over Telcos’ Finances by Godpikin4real(f): 3:42pm On Feb 12, 2021 |
Re: N70bn Debt: NCC Frets Over Telcos’ Finances by Huladet: 3:45pm On Feb 12, 2021 |
Alright |
Re: N70bn Debt: NCC Frets Over Telcos’ Finances by SouthSouth1914: 3:48pm On Feb 12, 2021 |
Nigeria is on a self destruct mission. When bad people are in government, everything crumbles! 1 Like 1 Share |
Re: N70bn Debt: NCC Frets Over Telcos’ Finances by allen113: 3:56pm On Feb 12, 2021 |
I know say glo and 9mobile na dem dey owe dat debt. anything owned by Nigerians get as e dey be. 2 Likes 1 Share |
Re: N70bn Debt: NCC Frets Over Telcos’ Finances by Bmaster(m): 4:33pm On Feb 12, 2021 |
DJ10rounds:I be seeing you advertise for soybeans,so I decided I'll go for one. I wan stay healthy through out the long year Meanwhile, don't mind the container,but the content. We move
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Re: N70bn Debt: NCC Frets Over Telcos’ Finances by Lewisalexander(m): 4:37pm On Feb 12, 2021 |
Since aboki become president, na New New problems everyday. Dem curse that guy lol |
Re: N70bn Debt: NCC Frets Over Telcos’ Finances by DJ10rounds(m): 4:43pm On Feb 12, 2021 |
Bmaster:Thats a very good decision, stay healthy bro and remember to exercise also |
Re: N70bn Debt: NCC Frets Over Telcos’ Finances by onoms4luv(m): 4:46pm On Feb 12, 2021 |
70billion what |
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