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Telecom giant to hold more talks with NCC to further reduce fine
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A customer leaves an MTN shop in Johannesburg April 10, 2012. REUTERS/Siphiwe Sibeko
"The fine is still big enough to cripple MTN's ability to invest in its network and that's what further talks with the NCC are about," the source said.
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MTNGroup will hold even more discussions with Nigerian authorities in an effort to further reduce a fine imposed on the South African firm for failure to cut off unregistered users, a source familiar with the matter said on Thursday.
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The Nigerian Communications Commission (NCC) has reduced the penalty to $3.4 billion from $5.2 billion and given MTN until the end of the year to pay it.
MTN's spokesman Chris Maroleng declined to comment.
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