Africa's largest mobile operator, MTN, has succeeded in its bid to reduce a $5.2bn £3.4bn) fine imposed by Nigerian authorities for failing to cut off unregistered users.

Nigeria wants mobile phone companies to verify the identity of their customers.

The government says it is concerned unregistered Sim cards are being used by criminal gangs.

The South African company has been in talks with authorities since October when the original fine was imposed.

It said on Thursday it had succeeded in reducing the fine by a third.

The original fine amounted to double MTN's annual profits last year.

Since it was imposed by the Nigerian Communications Commission (NCC), MTN has made a number of senior managerial changes, which included the resignation of the chief executive of its Nigerian unit, Sifiso Dabengwa.

"After further engagements with the Nigerian authorities, the NCC has reduced the imposed fine," MTN said in a statement. It added the fine was now $3.4bn.

http://www.bbc.com/news/business-34992892

that's not good jo

U mean Nigeria couldn't stand firm on its decision?? This shows how weak we are as a country especially as it has to do wit south Africa dt has been harassing Nigerians on their soul and their multinational on Nigerian soul.
Buhari's govt has just shown dt he's weak wen its comes to multinational issues but strong wen it comes to harasing and maiming d opposition