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Wednesday, 24 February 2016

Still no deal between MTN and Nigeria

MTN billboard

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It had withdrawn a legal challenge over the fine, and had paid $250m towards a "settlement, where one is eventually, hopefully arrived at",  an MTN statement is saying.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.

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