Breaking

10/06/2016

MTN Agrees To Pay Nigerian $1.7Billion Fine

South African telecoms giant MTN said Friday it
would pay a $1.7 billion fine to the Nigerian
government in a “full and final settlement” over its
failure to disconnect unregistered mobile phone
users.

The company said in a statement that “MTN
Nigeria has agreed to pay a total cash amount of
Naira 330 billion over three years.”
Africa’s biggest wireless operator was fined $3.9
billion last year and has since been in negotiations
with the government over the payout.

AFP