Various media reports reveal that South Africa-based MTN Group has written to the regulatory authorities in Nigeria seeking ‘leniency’ and requesting a review of the N1.04 trillion fine imposed on MTN Nigeria or failing to cut off unregistered SIM card users.
Telecoms giant seeks 'leniency' from NCC, Presidency
The Nigeria Communications Commission (NCC) had fined MTN $5.2 billion (N1.04 trillion) for failing to deactivate pre-registered SIM cards on its network.
Nigeria CommuncationsWeek reports that MTN sent a copy of the letter addressed to the NCC to the Presidency as well as providing specific details about the review.
The Nigeria Communications Commission (NCC) had fined MTN $5.2 billion (N1.04 trillion) for failing to deactivate pre-registered SIM cards on its network.
The fine has resulted in MTN losing about $4.7 billion in value since the news broke. The company’s shares has also plummeted considerably with the Group’s CEO, Sifiso Dabengwa, currently in Nigeria to negotiate with regulatory authorities.
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