Nigeria says MTN fine reduced by 25% and not 35%

Phuthuma Nhleko, Executive Chairman, MTN Group

MTN Group said the Nigerian Communications Commission (NCC) has issued another letter, informing the company that the fine had actually been reduced by 25 percent to NGN 780 billion and not by 35 percent to NGN 674 billion as the regulator had earlier indicated in its letter dated 2 December to MTN.

The mobile operator had on 3 December informed its shareholders that it received a formal letter dated 2 December from the NCC informing the company that, after considering MTN’s request, it had taken the decision to reduce the fine imposed on the MTN Nigeria business from the original NGN 1.04 trillion to NGN 674 billion, to be paid by 31 December.

Read more: Nigeria says MTN fine reduced by 25% and not 35% – Telecompaper

Recommended