Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 2,990,161 members, 7,280,692 topics. Date: Saturday, 28 January 2023 at 06:20 PM

Glo Pays N2.6bn Interconnect Debt To MTN - Phones - Nairaland

Nairaland Forum / Science/Technology / Phones / Glo Pays N2.6bn Interconnect Debt To MTN (20741 Views)

An Open Letter To MTN With Regards To Their Recycling Of Numbers / Telecoms Services Worsen Over Interconnect Debts / Interconnect Debt: NCC Assures No Telecom Subscriber’ll Be Disconnected (2) (3) (4)

(1) (2) (3) (Reply) (Go Down)

Glo Pays N2.6bn Interconnect Debt To MTN by Mrakeli: 2:10am On Aug 02, 2019
MTN Nigeria has received N2.6bn part-payment of interconnect debt from Globacom, sources familiar with the issue confirmed on Thursday.

It was gathered that the industry regulator, Nigerian Communications Commission, had intervened in the debt issue, which led to partial disconnection of calls from Glo to MTN subscribers.



The source also said discussions were ongoing to devise a means of recovering the rest of the interconnect debt from Globacom.

This is coming after stakeholders weighed into a dispute on the interconnect debt estimated at N4.4bn to avert further breakdown in mobile communication between Globacom subscribers and MTN network users, which had lasted for more than five days.

As of December last year, the interconnect debt in the industry stood at N165bn.

Meanwhile, in a statement issued by the NCC on Thursday, the commission called on debtor operators in the industry to promptly settle interconnect debts owed their creditor networks to prevent possible revenue loss and customer flight from their networks to competitors.

The commission assured the 174 million telecoms consumers of their protection against any service disruption.

The Executive Vice Chairman of the commission, Prof. Umar Danbatta, said the regulatory body was committed to ensuring customers enjoy uninterrupted service while efforts were being made to address the issue of indebtedness in the industry.

Danbatta stated that the issue of interconnection was a matter that the commission was handling delicately within the purview of the regulatory provisions to protect consumers by ensuring that their quality of experience was not acutely affected.

The EVC recalled that the regulatory approval on permission for disconnection was granted to creditor networks late last year, as a last resort towards resolving the huge interconnection debts threatening the health and sustainability of the industry.



“Though the commission granted approval to the MTN’s request to disconnect debtor networks from its network in line with Section 100 of the Nigerian Communications Act (NCA) 2003, the Guidelines on Procedure for Granting Approval to Disconnect Telecommunications Operators, 2012 and other regulatory instruments, what is happening now is that the creditor networks are restricting certain services to their debtor networks in form of one-way disconnection.

“It is one-way disconnection because, as a regulator, we prevented total disconnection; not doing that would be frustrating for the consumers. So, we have ensured that subscribers on the affected debtor networks are able to receive calls and text messages from creditor networks. This means they might not be able to make seamless calls or send text messages to the creditor’s network at all times because of restriction of access to debtor networks, pending when satisfactory payment plans are reached with respect to the Interconnect indebtedness. This is to prevent further accumulation of interconnect debt by the debtor networks,” he said.

Danbatta expressed displeasure at the slow pace of the settlement of undisputed interconnect bills among the affected operators, adding that with over 90 per cent of prepaid customers on mobile networks, “operators have no reason not to be settling their interconnection bills as and when due.”

He urged consumers experiencing difficulty in reaching certain networks to use alternative lines.

Danbatta said, “You will recall that in the pre-disconnection notice issued last year on December 18, 2018, we gave another period of between 10 days and 21 days for the debtors (depending on whether they are service networks or exchange operators) to pay, so as not to lose their interconnection rights.

“We had expected that as responsible business entities, the debtor companies will either pay up or agree satisfactory payment plans with their creditors. But it appears no agreeable settlements plans have been reached after the expiration of the deadline, leading to the creditor’s decision to go ahead with the execution of the one-way disconnection, as permitted by the NCA Act 2003, which is what some subscribers are currently experiencing,” he said.

https://punchng.com/glo-pays-n2-6bn-interconnect-debt-to-mtn/amp/

Re: Glo Pays N2.6bn Interconnect Debt To MTN by majamajic(m): 2:21am On Aug 02, 2019
debt is allowed ,
Re: Glo Pays N2.6bn Interconnect Debt To MTN by Yankee101: 3:22am On Aug 02, 2019
Gbese re
Re: Glo Pays N2.6bn Interconnect Debt To MTN by mannobi(m): 4:50am On Aug 02, 2019
Jjjj
Re: Glo Pays N2.6bn Interconnect Debt To MTN by aolawale025: 5:12am On Aug 02, 2019
How can GLO be owing? Its own customers paid upfront

47 Likes 2 Shares

Re: Glo Pays N2.6bn Interconnect Debt To MTN by Nanorest: 5:15am On Aug 02, 2019
Glo might be bad, but it's still more preferred to atiku

10 Likes 5 Shares

Re: Glo Pays N2.6bn Interconnect Debt To MTN by sparog(m): 5:56am On Aug 02, 2019
So glo was truly indebted to mtn

grin cheesy

1 Like 1 Share

Re: Glo Pays N2.6bn Interconnect Debt To MTN by nony43(m): 5:57am On Aug 02, 2019
Glo no follow at all

2 Likes

Re: Glo Pays N2.6bn Interconnect Debt To MTN by Teejayphillip(m): 5:57am On Aug 02, 2019
E better make Airtel or mtn take over dem.

Their data service b scam cheesy grin grin

21 Likes

Re: Glo Pays N2.6bn Interconnect Debt To MTN by Kiezodumah(m): 5:58am On Aug 02, 2019
Hi guys !.pls how safe is it to obtain a loan from online loan platforms such as den money ,pay pal etc.. I had commenced the process of filling the form online but I got to a point where I was asked to give my BVN details.At that point I stopped because of fear of my details being hacked on the website by scammers..If anyone here has done such transaction and was safe ,pls kindly signify .Its important.Thanks

1 Like

Re: Glo Pays N2.6bn Interconnect Debt To MTN by success1smyn(m): 5:58am On Aug 02, 2019
Glo na scam

1 Like

Re: Glo Pays N2.6bn Interconnect Debt To MTN by Kiezodumah(m): 5:59am On Aug 02, 2019
Hi guys !.pls how safe is it to obtain a loan from online loan platforms such as ren money ,pay pal etc.. I had commenced the process of filling the form online but I got to a point where I was asked to give my BVN details.At that point I stopped because of fear of my details being hacked on the website by scammers..If anyone here has done such transaction and was safe ,pls kindly signify .Its important.Thanks
Re: Glo Pays N2.6bn Interconnect Debt To MTN by planB39047x: 5:59am On Aug 02, 2019
Re: Glo Pays N2.6bn Interconnect Debt To MTN by AngelHoly(m): 5:59am On Aug 02, 2019
Glo sweet oh if yuh close to a place where their is accessible

4 Likes

Re: Glo Pays N2.6bn Interconnect Debt To MTN by wethebest(m): 5:59am On Aug 02, 2019
Ok ooo
Re: Glo Pays N2.6bn Interconnect Debt To MTN by xtrim1: 6:01am On Aug 02, 2019
Adenuga and Gbese!

7 Likes

Re: Glo Pays N2.6bn Interconnect Debt To MTN by pablobellins(m): 6:02am On Aug 02, 2019
The person above me just proved my signature right cheesy

1 Like

Re: Glo Pays N2.6bn Interconnect Debt To MTN by BizBayo: 6:03am On Aug 02, 2019
Hope their data network will improve on this effect, because Glo saabi slow destiny.
Re: Glo Pays N2.6bn Interconnect Debt To MTN by calddon(m): 6:03am On Aug 02, 2019
U guys should leave our glo alone o!


Their data bonus is unmatched.
They will still give u call bonus that you cant finish...best network

19 Likes

Re: Glo Pays N2.6bn Interconnect Debt To MTN by NinaMiliano: 6:03am On Aug 02, 2019
Kiezodumah:
Hi guys !.pls how safe is it to obtain a loan from online loan platforms such as ren money ,pay pal etc.. I had commenced the process of filling the form online but I got to a point where I was asked to give my BVN details.At that point I stopped because of fear of my details being hacked on the website by scammers..If anyone here has done such transaction and was safe ,pls kindly signify .Its important.Thanks


Its safe

1 Like

Re: Glo Pays N2.6bn Interconnect Debt To MTN by cenaman(m): 6:04am On Aug 02, 2019
GLO is one hell of a network. GLO will borrow you credit and won't allow you to finish it before they with take it back, as if u told them you aren't going to pay.
Re: Glo Pays N2.6bn Interconnect Debt To MTN by prigoz(m): 6:04am On Aug 02, 2019
Where two elephants fight, it is the grasses that suffer. The customers that recharge were barred from making calls , it is only in Nigeria that it can happen without compensation anything goes. Nonsense

4 Likes

Re: Glo Pays N2.6bn Interconnect Debt To MTN by chigoziri2403(m): 6:07am On Aug 02, 2019
Glo behaves like the typical Nigerian whom you must harass and threaten before they pay their debt, and I am sure they even had to borrow to pay this debt
TBH, that should drop their dry and uninspiring adverts including all these yeyebrities and focus on building a stronger and robust network

12 Likes

Re: Glo Pays N2.6bn Interconnect Debt To MTN by slickbak(m): 6:08am On Aug 02, 2019
No wonder glo network dey my neighbor room but no dey my own.

1 Like

Re: Glo Pays N2.6bn Interconnect Debt To MTN by ArticleBeast: 6:08am On Aug 02, 2019
Kiezodumah:
Hi guys !.pls how safe is it to obtain a loan from online loan platforms such as den money ,pay pal etc.. I had commenced the process of filling the form online but I got to a point where I was asked to give my BVN details.At that point I stopped because of fear of my details being hacked on the website by scammers..If anyone here has done such transaction and was safe ,pls kindly signify .Its important.Thanks
They definitely need ur bvn

3 Likes

Re: Glo Pays N2.6bn Interconnect Debt To MTN by Chiemeka1: 6:09am On Aug 02, 2019
How many believe Glo is still the best?

7 Likes

Re: Glo Pays N2.6bn Interconnect Debt To MTN by yomalex(m): 6:10am On Aug 02, 2019
Hmm
Re: Glo Pays N2.6bn Interconnect Debt To MTN by Emyo(m): 6:11am On Aug 02, 2019
I no understand anything. How did the debt start

1 Like

Re: Glo Pays N2.6bn Interconnect Debt To MTN by Simplyleo: 6:11am On Aug 02, 2019
cenaman:
GLO is one hell of a network. GLO will borrow you credit and won't allow you to finish it before they with take it back, as if u told them you aren't going to pay.
When we sight glo CEO on our street

1 Like

Re: Glo Pays N2.6bn Interconnect Debt To MTN by BizBayo: 6:16am On Aug 02, 2019
Kiezodumah:
Hi guys !.pls how safe is it to obtain a loan from online loan platforms such as den money ,pay pal etc.. I had commenced the process of filling the form online but I got to a point where I was asked to give my BVN details.At that point I stopped because of fear of my details being hacked on the website by scammers..If anyone here has done such transaction and was safe ,pls kindly signify .Its important.Thanks

What is the name of the website or app?

1 Like

Re: Glo Pays N2.6bn Interconnect Debt To MTN by Nobody: 6:16am On Aug 02, 2019
Why does Nigerians proudly love staying indebted to a creditor until the creditor takes drastic measures to recover thier debts? Clearly they had the money all along but didn't want to pay up. Then tomorrow we complain of government ruining the country with the tentacles of corruption when in essence we ourselves are the government. SMH

1 Like

(1) (2) (3) (Reply)

Cat B15 Android Smartphone By Caterpillar / What Is The Weirdest Name You Saved Someone's Number With? / Tecno Ranked 6th Among Top 100 Admired Brands In Africa

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2023 Oluwaseun Osewa. All rights reserved. See How To Advertise. 104
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.