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Wireless

Nigeria defers deadline for MTN to pay fine

Monday 16 November 2015 | 09:36 CET | News
MTN Group said the Nigerian telecom regulator has waived the 16 November deadline to settle a USD 5.2 billion fine for failing to disconnect 5.2 million unregistered customers. In a statement to its shareholders, MTN said its executive chairman Phuthuma Nhleko personally met with the Nigerian authorities to continue the ongoing discussions on the fine. It said these discussions include matters of non-compliance and the remedial measures that may have to be adopted to address this. The Nigerian authorities agreed that the fine will not be payable until the negotiations have been concluded. MTN

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