Wednesday, 24 February 2016
Still no deal between MTN and Nigeria
Mobile phone giant MTN says it is still seeking an "amicable settlement" with Nigeria over the $3.9bn (£2.8bn) fine imposed on it.
It had withdrawn a legal challenge over the fine, and had paid $250m towards a "settlement, where one is eventually, hopefully arrived at", an MTN statement is saying.
Nigeria's telecom regulator imposed the penalty last year after the South African-owned firm missed a deadline to disconnect 5.1 million unregistered Sim cards.
Nigeria is the MTN group's largest market, where it had more than 62.8 million subscribers by the second quarter of 2015.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment