Showing posts with label regulators. Show all posts
Showing posts with label regulators. Show all posts

Wednesday, November 25, 2015

MTN has already paid millions in Nigerian fines, with more expected

APART from facing a $5.2bn fine in Nigeria, mobile network MTN has this year already paid millions of rand in other penalties, according to regulators.

 A man passes an MTN board in Lagos, Nigeria. Reports on Thursday quoted an MTN Nigeria official as saying the Nigerian Communications Commission 'did not accept recommendations' that the fine was too heavy. Picture:  AFP PHOTO/PIUS UTOMI EKPEI
MTN announced in October that it has been fined $5.2bn by the Nigerian Communications Commission for failing to disconnect up to 5-million unregistered SIM cards in that country.
The mobile network is in talks with the regulator about the mega fine, which has been described as the world’s largest by Denmark-based Strand Consult. MTN is Nigeria's biggest mobile network with more than 60-million subscribers.

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