ANA
Premium Journalist
1 minute read
26 Oct 2015
4:41 pm

MTN’s Nigeria operations face $5 billion fine

ANA

Africa’s largest mobile phone operator MTN on Monday said its Nigeria unit has been handed a fine of USD5.2 billion by the Nigerian Communications Commission (NCC).

FILE PICTURE: Members of the Communication Workers Union take part in a picket, 21 May 2015, outside the MTN offices in Fairland, Johannesburg. The union is demanding a ten percent salary increase, higher weekend and public holiday wages and that temporary staff are made permanent at the telecommunications company MTN. Picture: Alaister Russell

“This fine relates to the timing of the disconnection of 5.1 million MTN Nigeria subscribers who were disconnected in August and September 2015 and is based on a fine of 200,000 naira for each unregistered subscriber.”

The fine was imposed because MTN did not timeously disconnect customers with unregistered SIM cards.

“MTN Nigeria is currently in discussions with the NCC to resolve the matter in recognition of the circumstances that prevailed with regard to these subscribers. We will continue to update shareholders in this regard.”

MTN spokesman Chris Maroleng could not immediately be reached for comment. There were reports that the news caused MTN’s shares to drop five percent in trading on Monday afternoon.

-African News Agency