Telecoms company reaches agreement to pay NCC's $1.7billion fine
In a statement released by the South African company earlier today, it was revealed that MTN has agreed to pay a total cash amount of #330B over three years.
MTN, the continent's biggest wireless operator got the hefty fine of $3.9 billion last year and has since been locked in negotiations with the government on how the payment structure would be.
ADVERTISEMENT
It appears both parties have now reached an agreement. A statement released by the South African company earlier today read; “MTN Nigeria has agreed to pay a total cash amount of 330billion Naira over three years.”
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
Let’s drill 200k boreholes across the country — Obi begs wealthy Nigerians
Ondo 2024: Ex-governor's brother emerges gubernatorial candidate
UK varsity rolls out tuition, travel-free scholarship for Nigerian students
President Biden signs law to potentially ban TikTok if not sold
Ex-Governor, Fayose's money laundering trial adjourned as court fails to sit
Travel alert: Panic as fire breaks out at Lagos Airport
NGO allocates $36.5m to Nigeria, 15 other countries to eradicate trachoma
Senator sacrifices chicken to rain god to ask for rainfall — people are mad at him
Telecom calls on FG to tackle pricing issues, balance consumers affordability
ADVERTISEMENT