ADVERTISEMENT

Suspension on telecom giant's regulatory services lifted by NCC

MTN Group had, earlier this month, recorded a 51% percent drop in full-year profit as the company set aside R9.29 billion for the settlement of the record fine.

A customer leaves an MTN shop in Johannesburg April 10, 2012. REUTERS/Siphiwe Sibeko

Media reports reveal that the Nigerian Communications Commission (NCC) lifted its suspension of services to South Africa-based telecom giant MTN on Tuesday.

Nigerian CommunicationsWeek cites a statement from the company saying, “This restoration of regulatory services will enable MTN Nigeria to pursue the necessary approvals, in accordance with the NCC regulatory process, for new tariff plans and promotions as well as other regulatory matters."

MTN Group had, earlier this month, recorded a 51% percent drop in full-year profit as the company set aside R9.29 billion for the settlement of the record fine.

ADVERTISEMENT

Settlement talks between MTN and authorities in Nigeria are currently still ongoing.

The NCC had suspended regulatory services to MTN in October last year when the company was fined $5.2 billion for failing to disconnect about 5.1 million unregistered SIMs from its network. The fine was later reduced to $3.9billion.

MTN is currently Nigeria's biggest network with over 60 million subscribers.

Enhance Your Pulse News Experience!

Get rewards worth up to $20 when selected to participate in our exclusive focus group. Your input will help us to make informed decisions that align with your needs and preferences.

I've got feedback!

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.
ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

Nigeria becomes first country to introduce new meningitis vaccine - WHO

Nigeria becomes first country to introduce new meningitis vaccine - WHO

Police, JAMB warn UTME candidates against patronising fake websites

Police, JAMB warn UTME candidates against patronising fake websites

World's oldest Siamese twins have died after 62 years joined at the head

World's oldest Siamese twins have died after 62 years joined at the head

2 dangerous asteroids will pass Earth on Monday, but there's no cause for alarm

2 dangerous asteroids will pass Earth on Monday, but there's no cause for alarm

Father drags 30-year-old son to court to order him to find a job and leave his house

Father drags 30-year-old son to court to order him to find a job and leave his house

Cardoso trends on Twitter as naira gains 7.2% against dollar

Cardoso trends on Twitter as naira gains 7.2% against dollar

Go after Buhari, Malami, others - Sowore slams EFCC over Bobrisky's sentencing

Go after Buhari, Malami, others - Sowore slams EFCC over Bobrisky's sentencing

Tinubu promises Nigerians economic turnaround by December

Tinubu promises Nigerians economic turnaround by December

Nigerian chess master, Tunde Onakoya set to break Guiness World record in New York

Nigerian chess master, Tunde Onakoya set to break Guiness World record in New York

Pulse Sports

Alex Iwobi makes Premier League history which Mikel, Yakubu, Kanu could not achieve

Alex Iwobi makes Premier League history which Mikel, Yakubu, Kanu could not achieve

Like Michael Jordan - Details of Victor Osimhen’s ‘superhuman’ jump against Monza emerges

Like Michael Jordan - Details of Victor Osimhen’s ‘superhuman’ jump against Monza emerges

ADVERTISEMENT
ADVERTISEMENT