South African telecoms giant MTN has agreed to pay $1.7 billion fine to the federal government.
It could be recalled that the Nigeria Communications Commission [NCC] had slammed a $5.2 billion fine on MTN.
MTN Nigeria released a statement after it agreed to settle the fine with NCC over failing to disconnect unregistered SIM cards.
It will pay $1.67bn over three years.
Echoing the title of a collection of books by Lemony Snicket MTN Nigeria said:
“MTN Nigeria once again offers its most sincere apologies for the series of unfortunate events that led to the imposition of the fine.
“It was of critical importance to reach a solution that would be of universal benefit to all stakeholders given the importance of the ICT industry in Nigeria and its tremendous impact on socio-economic growth.
“Along with the authorities, we believe that has been achieved.”
The South African telecoms company MTN has agreed to pay a $1.67bn fine to the Nigerian Communications Commission over a failure to cut off unregistered sim cards.
The Reuters news agency is quoting NCC spokesman Tony Ojobo:
“I believe MTN has learned its lesson…
“Going forward, what we expect is service providers in this market will play to the rules.”
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