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South African mobile phone firm MTN to pay $1.7bn Nigeria fine

2016-06-10 16:59:44| BBC News | Business | UK Edition

South African telecoms firm MTN agrees to pay $1.7bn to Nigeria over unregistered Sim cards, after originally being fined $5bn.

Tags: phone south mobile pay

 

MTN Nigeria agrees to pay NGN 330 bln fine over 3 years

2016-06-10 15:39:00| Telecompaper Headlines

(Telecompaper) MTN Nigeria has announced that it has reached an agreement with the government of Nigeria over its fine for failing to cut off unregistered SIMs. The operator said it has agreed to pay a total cash amount of NGN 330 billion over three years, which is the equivalent of USD 1.671 billion at the official exchange rate and USD902 million at the Lagos Parallel Market Rate. It will pay this to the national government in full and final settlement of the matter.

Tags: years pay fine nigeria

 
 

MTN brokers $1.67bn Nigeria fine deal

2016-06-10 02:00:00| Total Telecom industry news

South African operator agrees deal that slashes value of fine and allows it to pay in instalments.

Tags: fine deal nigeria brokers

 

MTN cagey on Nigeria fine talks

2016-05-23 02:00:00| Total Telecom industry news

Talks between telco and government reportedly stall, pending outcome of investigation.

Tags: fine talks nigeria mtn

 

MTN Group CEO stays beyond contract to resolve Nigerian row

2016-05-12 07:49:00| Telecompaper Headlines

(Telecompaper) MTN Group executive chairman Phuthuma Nhleko is continuing in his role past the 09 May expiry of his initial contract, as he is still working on the dual tasks of recruiting a new chief executive officer and resolving a record fine in Nigeria, Bloomberg reported. MTN spokesman Chris Maroleng told the news agency that the board had given Nhleko a mandate and that he would continue as executive chairman until this mandate has been fulfilled.

Tags: group contract row ceo

 

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