MTN Agrees To Pay Nigeria $1.7 Billion Over 3yrs - Phones - Nairaland
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GSM Subscribers To Pay More For Data From Dec.1 (1.5gig To Be N3000 Now) / MTN Escapes Nigerian Phone Dispute With $1.7 Billion Settlement / MTN Agrees To Pay Nigerian $1.7Billion Fine (2) (3) (4)
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| MTN Agrees To Pay Nigeria $1.7 Billion Over 3yrs by silentpath2007: 9:39am On Jun 11, 2016 |
MTN Group Ltd. has agreed to pay a N330 billion ($1.7 billion) fine to the Nigerian government over three years after eight months of negotiation. The Nigeria Communications Commission (NCC) had penalised South Africa’s MTN for failing to meet a deadline to disconnect 5.1 million unregistered subscribers. An initial fine of $5.2 billion was slapped on the telco. MTN Nigeria has also agreed to take immediate steps to ensure it lists its shares on the Nigerian Stock Exchange, a statement by the MTN Group said. http://thenerveafrica.com/6788/mtn-agrees-pay-1-7bn-nigeria-fine-three-years/ |
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