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Nairaland Forum / Science/Technology / Phones / Nigeria Fines Telecom Giant MTN $5bn (37226 Views)
BREAKING: Telecoms Giant MTN Agrees To Pay Nigerian $1.7 Billion Fine / Telecom Giant, MTN Begins Payment With $250m To Nigerian Government / Cameroon Government Fines MTN $160 Million For Corruption Charges (2) (3) (4)
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Re: Nigeria Fines Telecom Giant MTN $5bn by arabianights: 7:04pm On Oct 27, 2015 |
14: Better coverage ,wider network and they know who to bribe. |
Re: Nigeria Fines Telecom Giant MTN $5bn by KINGOFJAPAN: 10:37pm On Oct 27, 2015 |
OohLalah:You southies are jokers... Let mtn go back to sa and see if Nigerians will miss em... If mtn leaves today, they'll be replaced asap no time for dulling.. 1 Like |
Re: Nigeria Fines Telecom Giant MTN $5bn by ceaser: 11:14am On Oct 28, 2015 |
14: Econet wireless would have been the best in Nigerian market today, remember they were the first to go on air in Nigeria. They couldn't survive because as a consortium, they were not willing to dance along with the corruption infested terrain. The licencing of the telecom operators at the start of the whole process was very transparent and impressive. However along the way things went wrong. The wrong individuals tried to cash in on that opportunity to make huge money illegally. While MTN did not really resist the temptation to "financially" forge their way ahead, Econet wireless was unwilling to play and they paid with being kicked outta the field. Painful it is. If you need more explanation or revelation of the how, why and what became the fate of the original Econet wireless and how the various metamorphoses of Celtel, Vmobile and Airtel came about, I will oblige you. If either of Globacom or Etisalat had forayed into the Nigerian market earlier, they may have the largest in the market share too. 2 Likes |
Re: Nigeria Fines Telecom Giant MTN $5bn by ceaser: 11:20am On Oct 28, 2015 |
14: I believe i was clear enough on the distinction between Satellite TV and DBTV as they apply to DSTV and Startimes/NTA in my submission. So sorry I don't get what you aim to elucidate here. I know what I'm saying. So maybe you should read my submission again and compare and contrast to your own emphasis. |
Re: Nigeria Fines Telecom Giant MTN $5bn by ceaser: 11:38am On Oct 28, 2015 |
arabianights: Thank you my brother. You really get the drift. A more appropriate question should have been "why is MTN not the largest player (actually the third position) in the home country of South Africa? In those days when anything goes in this country, expatriate consortiums can become hugely successful if you are a willing player of the dirty game. Hike fees, give sub-standard services and make humongous profits as a result. Just ensure you always plug the mouths of the regulators and SON with enough Naira to make 'em look away and dump their primary duty of consumer protection. MTN was just lucky and "smart" enough to be in a country where these wrong is condoned whereas in South Africa where they have to do business by the book and customer satisfaction and value for money are ensured, they are in the distant third. 2 Likes |
Re: Nigeria Fines Telecom Giant MTN $5bn by ceaser: 12:04pm On Oct 28, 2015 |
JSmart4u: You know what? I honestly don't wish MTN pulls out. They have invested much into telco and are part of the success story of telecommunication in this country. Heck I want the competition to continue but this time on a level playing field. All MTN needs to do is to fall in line and do business as it is, not as they want. At least that is how it applies in their home country and even in their operations in our next door neighbour Ghana. They should know that financial inducements to indulge in corporate crimes will no longer apply in the telco environment in the country. So they only need to obey the rules. No one is gonna sanction 'em for obeying rules and they can even justifiably contest in court any such actions wrongly imposed on 'em. Maybe if things go southward again - I pray not - when this current government leaves, MTN can again resume its corporate crimes that give it humongous annual earnings. And for the records, MTN does not have the cheapest call rates in Nigeria. Globacom currently has the cheapest intra- and interconnectivity call rates of the big fours. 2 Likes |
Re: Nigeria Fines Telecom Giant MTN $5bn by ceaser: 12:20pm On Oct 28, 2015 |
arabianights: Encourage indigenous, yes, but not to default tax or disobey rules of the NCC. They should equally not be spared if they err. That is bow to ensure standards are set. And sincerely in my opinion, Glo hasn't been impressive as I would want. Granted they are somewhat greenhorn compared to MTN, Etisalat and Airtel, but they should be getting some things right by now. I had Mtel when they started and i still have their SIM pack safe as a reminder. I have Glo as my daily driver. Airtel as a sidekick and Etisalat as a show of my support for their standard and competition. But MTN, heck no! I've never had that SIM anywhere any of my devices and my name never on their subscriber database. 1 Like |
Re: Nigeria Fines Telecom Giant MTN $5bn by 14(m): 12:53pm On Oct 28, 2015 |
phrezzz: @phrezz, thanks for the compliment, i try my best. I never disputed the fact they were guilty, my arguement is about the amount they were fined with, if MTN does not manage to get the reduction of such amount, they will be left with no option but to close shops. You are right, they did not want to pull out of SA, they threatened to relocate the head office. I just forgot what the issues were, but it was just a threat, besides, almost 100% of their shareholders are south africans, so it would be very tricky if they were to do so. |
Re: Nigeria Fines Telecom Giant MTN $5bn by 14(m): 1:09pm On Oct 28, 2015 |
JBL316: MTN market share is $24Billion, nigerian business could be between $6B to $8Billion. |
Re: Nigeria Fines Telecom Giant MTN $5bn by arabianights: 1:10pm On Oct 28, 2015 |
ceaser: glo is not as good as it is due to frustration on government path as well as other countries not enabling him lay fibres.Mtn is a dirty player by all means v and out government is bribed to support . glo has been denied seveal times licences to lay fibres to enable it better and wider coverage. they attempted to even do so in sea/oceans but met challenges ....they haver made attmpts to get licences in other countries also, but guess they need to learn how to play hard ball like mtn ,right ? i dont work in glo but love to read I USE AIRTEL,MTN (Which i hardly recharge :thieves!) and visafone which starts charging as soon as the persons line starts ringing (armed robbers)Am of the humble opinion that though Glo might also have goner against NCC policies (which am not aware of )Mtn has by far outshone all other mobile networks in that aspect but unfortunately for them, this government is friendly behind closed doors after you hand the brown envelop |
Re: Nigeria Fines Telecom Giant MTN $5bn by arabianights: 1:11pm On Oct 28, 2015 |
ceaser: I dont wish MTN that also but we need to put them under control.we also need to ensure they pay all outstanding taxes which they smartly underpaid. 1 Like |
Re: Nigeria Fines Telecom Giant MTN $5bn by arabianights: 1:13pm On Oct 28, 2015 |
14: Am sorry to state but you are soo not aware of what Nigeria means to mtn.MTN IS NIGERIA.They will never close shop.we are their biggest market |
Re: Nigeria Fines Telecom Giant MTN $5bn by ceaser: 1:19pm On Oct 28, 2015 |
14: Please read this link: http://saharareporters.com/2015/10/27/how-big-and-rich-mtn-walked-outlaw-path-52bn-fine-nigeria All MTN need do is to just obey the rules. They already have the majority in subscriber base. What they need is honesty and dedication, not to making money alone, but also to giving value for money and satisfying the subscribers. Then they will have easy sail. |
Re: Nigeria Fines Telecom Giant MTN $5bn by ceaser: 1:26pm On Oct 28, 2015 |
14: Please read this link: http://saharareporters.com/2015/10/27/how-big-and-rich-mtn-walked-outlaw-path-52bn-fine-nigeria The amount of fine was not arbitrary. There was a laid down method of arriving at the amount and MTN was well aware of the intricacies and the sanctions for default. Same way FirstBank and UBA were both sanctioned in a standard manner. The only option is that MTN may negotiate with the FG/NCC for a softer landing, if not for anything but to ensure that the company is still left breathing and able to operate and thrive within the country. |
Re: Nigeria Fines Telecom Giant MTN $5bn by ceaser: 1:29pm On Oct 28, 2015 |
arabianights: Where did that come from? You just stole those words right outta my mind. |
Re: Nigeria Fines Telecom Giant MTN $5bn by arabianights: 1:31pm On Oct 28, 2015 |
ceaser: Could you be my long lost twin brother ? guess telepathy 1 Like |
Re: Nigeria Fines Telecom Giant MTN $5bn by arabianights: 1:36pm On Oct 28, 2015 |
ceaser: First Bank again!? if not for the long standing good reputation they have internationally and also strength , am sure cbn for them deal with them way more.They seem to just be looking for trouble nowadays. fortunately for them ,most or all internationally recognised companies prefer to deal with them if at all they are to to business with partners in Nigeria. AS for that[b] U[/b]seless [b]B[/b]ank of [b]A[/b]frica............. |
Re: Nigeria Fines Telecom Giant MTN $5bn by bigtt76(f): 7:02pm On Oct 28, 2015 |
A beg NCC should add the unsolicited SMS and telemarketing calls as offence to all the telecoms and fine them appropriately..... me ar don taya sef 1 Like |
Re: Nigeria Fines Telecom Giant MTN $5bn by xtervaganza(m): 7:43pm On Oct 28, 2015 |
dominique:it shouldn't cost a sensible person anything to throw their sim away |
Re: Nigeria Fines Telecom Giant MTN $5bn by Nobody: 3:49pm On Oct 29, 2015 |
Buhari and his employees are killing the country gradually. All this silly ball games will only scare foreign investors from investing in the country. They don't know the implication of their decisions. They just act without thinking. MTN has been rendering poor services to its customers for years and they were never punished for that and here we are today punishing a company for an irrelevant sim registration saga that doesn't help the masses in anyway and that same masses will suffer the most after they will be deducted indiscriminately as usual just to pay a $5bn fine. Nigeria is really in a one CHANGE sorry, one CHANCE government. 1 Like |
Re: Nigeria Fines Telecom Giant MTN $5bn by ceaser: 4:32am On Oct 30, 2015 |
arabianights: |
Re: Nigeria Fines Telecom Giant MTN $5bn by ceaser: 5:11am On Oct 30, 2015 |
Unabefool: Woah woah! Take it easy man. This ain't about vengeance or vindictiveness. MTN broke the rule, they pay. SIM registration is about solving problems in Nigeria, problems that directly impact on the people and the economy. The inconveniences of the masses associated with ensuring compliance with SIM registration in any form is incomparable to the fear and unrest that comes with suicide bombings and kidnappings that prevail today. One of the new rules of NCC is that a newly purchased SIM card should be appropriately registered with adequate biometrics (picture and fingerprints). Even then, that line must make a voice call or data activity within 24hrs of activation or else risk de-activation. Phone activated bombs are used by BH. Tie a cheap phone to some IED. Call the phone and the vibration upon ringing sets off the charge and boom. You don't need to have the call picked, all you need is for the phone to vibrate. Hence the insistence of NCC that newly registered SIM should conduct a voice call or data within 24 hrs. The former SGF, chief Olu Falae, was kidnapped not long ago. The perpetrators used an MTN SIM to conduct their operations. When MTN was contacted, they couldn't provide useful information because the SIM was UNREGISTERED - bollocks! two months after the deadline for registration had been met by other operators. Now that is SABOTAGE and it can be proven that MTN was an intending conspirator in the success of a crime against the state. So if MTN gets slammed 5 billion dollars to make 'em fall in line in ensuring that the security and lives if Nigerians that form their subscriber base and even the safety of the lives of the MTN expatriates 'emselves, I don't think that sanction is outrageous. Bloomberg in my opinion is talking nonsense by saying that the recent sanction of MTN will send across a strong message to prospective investors which may reduce FDI. I call the bluff of Bloomberg and they are just being unduly sentimental cos this is done by a black nation to a white owned consortium. Which scenario will scare investors more: To risk sanction if they fail to obey the rules of doing business in Nigeria OR risk getting dismembered by BH or kidnapped for ransom if their securities cannot be guaranteed? JP Morgan had been sanctioned a freaking 20 (twenty) billion dollars by the US before for failing to abide by rules, Bloomberg did not opine then, neither did hell freeze over then. Heck, the outrageous amount charged by Nigerian government for licences to GSM operators in Nigeria 10 years ago did not deter Econet wireless, MTN et al from working the gold mine in Nigeria telecommunication sector, hence this 5 billion dollars deserved sanction is sure not gonna dissuade any company who knows the gold in the mine is not even close to getting reduced let alone getting depleted. Bloomberg is crying more than the bereaved and you know what, they can shove their biased opinion right up their lower foramen or hiatus. 1 Like |
Re: Nigeria Fines Telecom Giant MTN $5bn by Nobody: 10:20am On Oct 30, 2015 |
ceaser: You really made some pionts. I not actually a MTN sympathiser or comforter and I know MTN likes breaking the rules with the feeling that they are in control and nothing will happen but we just have to see this from two angles. The fine is just too much and may really scare investors coming in and in my opinion it is only for the selfish interest for the guys at the herm of affairs and does not benefit the masses in any way. They just want to make the whole thing look serious when it is not. |
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