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Telecom giant in talks with Nigeria regulator to cut $3.9B fine and plan payment - Buhari

The president made the comment at a joint news conference with his South African counterpart Jacob Zuma

President Muhammadu Buhari meets with South African counterpart, Jacob Zuma on March 8, 2016.

South African telecoms company MTN is in talks with Nigeria's telecoms regulator to reduce the $3.9 billion fine imposed for its failure to disconnect unregistered sim cards and arrange gradual payment, President Muhammadu Buhari said on Tuesday.

The Nigerian president made the comment at a joint news conference with his South African counterpart Jacob Zuma following talks between the pair at the start of the latter's two-day state visit to Africa's most populous nation.

The South African company has so far paid $250 million after dropping a legal case against the Nigerian Communications Commission (NCC).

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