Nigeria cuts record MTN fine 35% to $3.4 billion

The Nigerian government has agreed to reduce the hefty fine imposed on MTN to $3.4 billion following lengthy negotiations between the two parties. It’s a cut of 35% from the record $5.1 billion fine the Nigerian regulator had originally demanded.

The Nigerian Communications Commission imposed the fine against MTN, the South African-based mobile carrier, in October for failing to adhere to the regulator’s demand for the mobile carrier to disconnect over 5 million unregistered SIM cards from its network.

Read more: Nigeria has reduced its record MTN fine to $3.4 billion – Quartz