Telecoms company reaches agreement to pay NCC's $1.7billion fine

intern

June 10, 2016 2:13 PM

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 agreed on Friday, June 10, to pay the NCC-imposed fine of $1.7Billion to the Nigerian government as a

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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.

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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.”

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