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Wireless

MTN pays USD 250 mln towards Nigeria settlement

Wednesday 24 February 2016 | 15:16 CET | News
MTN Nigeria said it has paid USD 250 (NGN 50 billion) to the Nigerian authorities over a disputed USD 3.9 billion fine for failing to disconnect unregistered Sim card users. In a statement, MTN said it made the payment in good faith, on the basis that this will be applied towards a settlement, when one is eventually reached. MTN has agreed to withdraw the matter from the Federal High Court in Lagos. The statement said Phuthuma Nhleko, in his capacity as Executive Chairman of MTN Group and a director of MTN Nigeria, is continuing to lead the team engaging the Nigerian authorities with a view

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Categories: Mobile & Wireless
Companies: MTN Nigeria
Countries: Nigeria
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