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MTN chief in Nigeria over $5.2bn fine

2015-11-03 01:00:00| Total Telecom industry news

Sifiso Dabengwa reportedly hopes to negotiate smaller penalty in meeting with senior officials.

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MTN Nigeria gets $5.2bn fine

2015-10-27 01:00:00| Total Telecom industry news

Nigerian telco says it was hit with hefty NCC fine due to timing of SIM card disconnections.

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MTN confirms USD 5.2 bln fine in Nigeria

2015-10-26 16:30:00| Telecompaper Headlines

(Telecompaper) MTN Group has confirmed that the Nigerian Communications Commission (NCC) has imposed a fine equivalent to USD 5.2 billion on its subsidiary in Nigeria. In a statement to its shareholders, MTN said this fine relates to the timing of the disconnection of 5.1 million MTN Nigeria subscribers who were disconnected in August and September for failure to register their personal details. The fine is based on an amount of NGN 200,000 for each unregistered subscriber. MTN Nigeria said it's in discussions with the NCC "to resolve the matter in recognition of the circumstances that prevailed with regard to these subscribers".

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