Tag: $3.9 billion Fine

Nigeria to start new talks on $3.9 billion MTN fine ‘very soon’: minister

Wed Mar 2, 2016/Reuters By Alexis Akwagyiram Nigeria will start new talks with South African mobile phone operator MTN “very soon” to settle a dispute over a $3.9 billion fine but the final decision rests with President Muhammadu Buhari, the communications minister said. Last week, MTN said it had withdrawn […]

NCC Says Yet to Receive MTN Payment

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Communications Commission (NCC) on Thursday said it’s yet to receive any payment from MTN Group following the fine slammed on the company, a Reuters report, quoted Tony Ojobo, spokesman for the Commission. This is coming on the heels of reports quoting MTN that […]

South Africa’s MTN expects “reasonable” Nigerian fine – sources

Fri Feb 19, 2016/Reuters By Tiisetso Motsoeneng South African telecoms firm MTN Group could end up paying a “reasonable” amount following talks with the Nigerian authorities over a disputed $3.9 billion fine for failing to disconnect unregistered SIM card users, two sources familiar with the matter said on Friday. A […]