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.

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.
ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

APC suspends Kogi guber campaign in respect of late party member

APC suspends Kogi guber campaign in respect of late party member

Kano Govt declares October 4 as public holiday

Kano Govt declares October 4 as public holiday

Kano Agro-pastoral Dev Project reserves ₦160m to vaccinate 1.8m livestock

Kano Agro-pastoral Dev Project reserves ₦160m to vaccinate 1.8m livestock

Ooni of Ife partners Chinese company to create 50,000 jobs for indigenes

Ooni of Ife partners Chinese company to create 50,000 jobs for indigenes

Face masks may be reintroduced as diphtheria spreads to 18 states including Lagos, FCT

Face masks may be reintroduced as diphtheria spreads to 18 states including Lagos, FCT

Multichoice Nigeria spent ₦5.5 billion on BBNaija All Stars

Multichoice Nigeria spent ₦5.5 billion on BBNaija All Stars

APC suspends Kogi governorship campaign to respect party member killed by thugs

APC suspends Kogi governorship campaign to respect party member killed by thugs

BREAKING: Naira Marley in custody as Lagos police probe Mobhad’s death

BREAKING: Naira Marley in custody as Lagos police probe Mobhad’s death

Restoration of electricity promised for Ogun waterside communities

Restoration of electricity promised for Ogun waterside communities

Pulse Sports

Liverpool fined ₦23m despite VAR scandal in Tottenham clash

Liverpool fined ₦23m despite VAR scandal in Tottenham clash

'Like Ketchup' — Super Falcons star Michelle Alozie borrows Ronaldo's line after scoring brace

'Like Ketchup' — Super Falcons star Michelle Alozie borrows Ronaldo's line after scoring brace

Super Eagles: Iwobi and Moffi return, Bashiru a new addition as Peseiro calls up 25 players for Saudi Arabia and Mozambique friendly games

Super Eagles: Iwobi and Moffi return, Bashiru a new addition as Peseiro calls up 25 players for Saudi Arabia and Mozambique friendly games

You Sabi: Vardy hails Ndidi in Pidgin for Leicester Player of the Match award

You Sabi: Vardy hails Ndidi in Pidgin for Leicester Player of the Match award

Napoli vs Real Madrid: Fans fear for safety of Osimhen and other players as earthquake reportedly hit Naples

Napoli vs Real Madrid: Fans fear for safety of Osimhen and other players as earthquake reportedly hit Naples

Ronaldo did not chase me out of Al Nassr — Vincent Aboubakar

Ronaldo did not chase me out of Al Nassr — Vincent Aboubakar

ADVERTISEMENT
ADVERTISEMENT