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MTN Nigeria Fine Increased To $3.9 Billion After Regulator Error - Phones - Nairaland

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MTN Nigeria Fine Increased To $3.9 Billion After Regulator Error by Viktor1983(m): 11:07am On Dec 04, 2015
MTN Group Ltd. had its record fine in Nigeria
increased $500 million to $3.9 billion after the
country’s telecommunications regulator said it
wrote the incorrect penalty in an earlier letter
to Africa’s largest phone company.
“There was a typo,” Nigerian Communication
Commission spokesman Tony Ojobo said by
phone on Friday, referring to a letter dated Dec.
2 that reduced the original $5.2 billion penalty to
$3.4 billion. “The reduction should have been 25
percent. We saw the mistake and had to fix it.”
MTN spokesman Chris Maroleng declined to
comment. The shares traded 4.7 percent lower at
133.40 rand as of 10:39 a.m. in Johannesburg,
the lowest since Nov. 17.
MTN received a second letter on Thursday which
superseded the first letter and increased the fine
to $3.9 billion, the Johannesburg-based company
said in a statement on Friday. The payment date
is Dec. 31.

http://www.bloomberg.com/news/articles/2015-12-04/mtn-nigeria-fine-increased-to-3-9-billion-after-regulator-error

2 Likes 2 Shares

Re: MTN Nigeria Fine Increased To $3.9 Billion After Regulator Error by Kirinwa: 11:11am On Dec 04, 2015
grin

15 Likes

Re: MTN Nigeria Fine Increased To $3.9 Billion After Regulator Error by Anthonyoz(m): 11:19am On Dec 04, 2015
Make NTC take it easy on mtn becos the kind of charge mtn don dey charge for call rate don dey worri me can you imagine 3:21sc for 150naira

31 Likes 4 Shares

Re: MTN Nigeria Fine Increased To $3.9 Billion After Regulator Error by Gazzy88(m): 12:23pm On Dec 04, 2015
Mtn is really killing me,my credit always disappearing every now and then. A sign of good thing to come I made fp so smooth.....somebody help me buy nail-cutter for lalast....

12 Likes 2 Shares

Re: MTN Nigeria Fine Increased To $3.9 Billion After Regulator Error by mosjames: 2:08pm On Dec 04, 2015
They just want to wreck MTN
Their new boss will soon resign

4 Likes 1 Share

Re: MTN Nigeria Fine Increased To $3.9 Billion After Regulator Error by damton(m): 2:31pm On Dec 04, 2015
b
Anthonyoz:
Make NTC take it easy on mtn becos the kind of charge mtn don dey charge for call rate don dey worri me can you imagine 3:21sc for 150naira

You've contributed your own share of the fine.

57 Likes

Re: MTN Nigeria Fine Increased To $3.9 Billion After Regulator Error by Richie0974: 2:32pm On Dec 04, 2015
MTN, Accept my condolences. ....

12 Likes

Re: MTN Nigeria Fine Increased To $3.9 Billion After Regulator Error by DeHero1: 2:32pm On Dec 04, 2015
That means increment in stupid text msg. They're just looking for means to sap money from customers... as if na we cause regulator error.

Just to make call sef, they'll display a message on the screen. If u choose 'OK' u dun enter one-chance be that.

The #50 they gather from caller tunes monthly will settle that bill... Change go still remain sef.

Imagine... 50 x One Million Nigerians.

EmptyHen indeed.

7 Likes

Re: MTN Nigeria Fine Increased To $3.9 Billion After Regulator Error by wasco24: 2:32pm On Dec 04, 2015
End time mistake

8 Likes 1 Share

Re: MTN Nigeria Fine Increased To $3.9 Billion After Regulator Error by Dragonking: 2:32pm On Dec 04, 2015
Gazzy88:
Mtn is really killing me,my credit always disappearing every now and then.
They need your money to pay fine na
Re: MTN Nigeria Fine Increased To $3.9 Billion After Regulator Error by kingarizona1(m): 2:32pm On Dec 04, 2015
Its Too small sef, this son Of b*tches call MTN keep deducting my airtime when ever I browse and my phone is subscribed angry[b]

2 Likes 1 Share

Re: MTN Nigeria Fine Increased To $3.9 Billion After Regulator Error by Alfred200825(m): 2:32pm On Dec 04, 2015
hmmm
Re: MTN Nigeria Fine Increased To $3.9 Billion After Regulator Error by ttemmi(m): 2:33pm On Dec 04, 2015
Now they should do something about our blocked lines.

1 Like

Re: MTN Nigeria Fine Increased To $3.9 Billion After Regulator Error by obinnajr(m): 2:33pm On Dec 04, 2015
THE SENATE ARE BUSY DELIBERATING ON THE MONEY THEY WILL SHARE AS IF MTN IS PART OF OUR PROBLEM... MAKE UNA LEAVE THEM ALONE JOR... NA THEM FIRST BRING TECHNOLOGY IN NIGERIA.

4 Likes 1 Share

Re: MTN Nigeria Fine Increased To $3.9 Billion After Regulator Error by Bsc(m): 2:33pm On Dec 04, 2015
Doesn't make sense to me...cuz it still falls back on us... 1.They may decide to reduce salary of workers
2.Consumers may begin to experience high cost in tariff
3.They may also sack some of their workers (mostly Nigerians)
Ques: Na who go chop the fine? me abi our Government !

4 Likes

Re: MTN Nigeria Fine Increased To $3.9 Billion After Regulator Error by tollytexy(m): 2:33pm On Dec 04, 2015
i guess this is the major reason why am also suffering being a subscriber of MTN over here in South Africa. Hehehe my airtime just dey disappear overnight like say The witches for my village dey take communicate btw demself

2 Likes

Re: MTN Nigeria Fine Increased To $3.9 Billion After Regulator Error by chroniclesss(m): 2:33pm On Dec 04, 2015
mosjames:
They just want to wreck MTN
Their new boss will soon resign
Na so

1 Like

Re: MTN Nigeria Fine Increased To $3.9 Billion After Regulator Error by menix(m): 2:34pm On Dec 04, 2015
Hmm..

NCC employ graduates una no go gree just loading abokii's that common calculating with a calculator they cant..

MTN should just know they still owe us the 25% in the future..
Re: MTN Nigeria Fine Increased To $3.9 Billion After Regulator Error by Sohot1(m): 2:34pm On Dec 04, 2015
Make them no kill MTN finish ooo....biko
Re: MTN Nigeria Fine Increased To $3.9 Billion After Regulator Error by olatade(m): 2:34pm On Dec 04, 2015
Gbese!!!
Re: MTN Nigeria Fine Increased To $3.9 Billion After Regulator Error by Aremu01(m): 2:34pm On Dec 04, 2015
Kikikiki
Say unto the wicked......

Re: MTN Nigeria Fine Increased To $3.9 Billion After Regulator Error by richidinho(m): 2:34pm On Dec 04, 2015
trust me @ the end they wont pay shishi

CC: Ben Bruce
CCC: Dino Melaye
CCCC: Akpabio
Re: MTN Nigeria Fine Increased To $3.9 Billion After Regulator Error by dataskii: 2:34pm On Dec 04, 2015
double wahala for dead body
Re: MTN Nigeria Fine Increased To $3.9 Billion After Regulator Error by timbs001(m): 2:34pm On Dec 04, 2015
Na wa o.
Re: MTN Nigeria Fine Increased To $3.9 Billion After Regulator Error by eaglechild: 2:34pm On Dec 04, 2015
Ever since Ndukwe left the NCC and Buhari appointed his northern brother Umaru to replace him, that place has been a mess.

The government cannot rely on MTN to solve her economic woes.

Buhari is also too dull to see that he is chasing away foreign investors by his constant flip flops.

8 Likes 1 Share

Re: MTN Nigeria Fine Increased To $3.9 Billion After Regulator Error by Dahkogrin007(m): 2:35pm On Dec 04, 2015
D fine cn go to $10billion.... I kuku hate EmptyHen
Re: MTN Nigeria Fine Increased To $3.9 Billion After Regulator Error by tgmservice: 2:35pm On Dec 04, 2015
These NCC are clowns sef, they are just beating around the bush

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