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    Nigerian Communications Commission reduces MTN fine to USD3.4bn

    The Nigerian Communications Commission (NCC) has agreed to reduce MTN's (MTN) fine to $3.4bn, payable no later than 31 December 2015.
    Nigerian Communications Commission reduces MTN fine to USD3.4bn

    MTN said on Thursday it had received the formal letter from the commission on 2 December and was "carefully considering" a reply.

    "The executive chairman Phuthuma Nhleko will immediately and urgently re-engage with the Nigerian authorities before responding formally, as it is essential for the company to follow due process to ensure the best outcome... all factors having a bearing on the situation will be thoroughly and carefully considered before the company arrives at a final decision," the company said.

    MTN Nigeria had originally been fined $5.2bn by the commission for failing to deactivate 5.1-million unregistered SIM cards on its network.

    Nigeria is MTN's biggest market with 62-million customers, followed by SA.

    Source: BDpro

    Source: I-Net Bridge

    For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.

    We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.

    Go to: http://www.inet.co.za
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