Nige­ria telecom gi­ant MTN fined a record $5.2bn

The Malta Business Weekly - - INTERNATIONAL -

Telecom gi­ant MTN Nige­ria has been fined a record $5.2bn by Nige­ria's Communications Com­mis­sion.

MTN was fined for non-com­pli­ance with a dead­line set by the NCC to dis­con­nect all non-reg­is­tered sim cards.

The move fol­lows ac­cu­sa­tions by mobile phone users that the reg­u­la­tor had failed to bring op­er­a­tors to ac­count for poor ser­vices to sub­scribers.

MTN Nige­ria says it is study­ing the let­ter sent to it by the reg­u­la­tor and will re­spond soon.

MTN is one of the largest phone providers in Nige­ria.

A se­nior of­fi­cial of the com­pany said it was in talks with the reg­u­la­tor over the fine and hoped to re­solve the mat­ter.

Statis­tics from the NCC in­di­cates that Nige­ria, a coun­try with an es­ti­mated pop­u­la­tion of more than 170 mil­lion, has al­most 150 mil­lion mobile phones.

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