Friday 4 December 2015

MTN's Nigeria fine increased again


Nigeria's Communications Commission has increased MTN's multi-billion dollar fine again after reducing it on Thursday.

MTN, Africa's largest mobile services company, said that the Nigerian regulator had hiked the fine to $3.9-billion after initially reducing the $5.2bn fine to $3.4bn.


The mobile provider said that it had received the latest figure in a letter from the regulator on Thursday and this superseded the $3.4bn figure.

MTN says that neither of the letters it had received explained how the regulator had determined the reductions and that the compnay would consider bnoth letters before making a formal response.

The company's executive chairperson Phuthuma Nhleko said that MTN would re-engage with the regulator before making its formal response to the latest development.

MTN was slapped with the $5.2bn fine after it missed a deadline to disconnect 5.1 million unregistered SIM users in the country.

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