L
LequteMan
Guest
Nigeria's largest telecommunication company, MTN, has reacted to the $5.2bn imposed on it by the Nigerian Communications Commission, NCC.
Reacting, MTN Nigeria’s Corporate Service Executive, Akinwale Goodluck, said MTN is engaging NCC on the registration sanctions.
“Leading ICT company in Nigeria, MTN confirmed that the Nigerian Communications Commission (NCC) has imposed a N1.4 trillion fine ($5.2bn) on MTN Nigeria," he said in a statement issued yesterday.
"This fine relates to the timing of the disconnection of the 5.1 million MTNN subscribers that were disconnected in August & September 2015 and is based on a N200, 000 fine for each improperly registered subscriber. MTN Nigeria is currently engaging with the NCC to resolve the matter.”
"Shareholders are advised that the NCC has imposed a fine equivalent to $5.2 billion on MTN Nigeria. This fine relates to the timing of the disconnection of 5.1 million MTN Nigeria subscribers who were disconnected in August and September 2015 and is based on a fine of N200, 000 for each unregistered subscriber.
“MTN Nigeria is currently in discussions with the NCC to resolve the matter in recognition of the circumstances that prevailed with regard to these subscribers. We will continue to update shareholders in this regard.”
Reacting, MTN Nigeria’s Corporate Service Executive, Akinwale Goodluck, said MTN is engaging NCC on the registration sanctions.
“Leading ICT company in Nigeria, MTN confirmed that the Nigerian Communications Commission (NCC) has imposed a N1.4 trillion fine ($5.2bn) on MTN Nigeria," he said in a statement issued yesterday.
"This fine relates to the timing of the disconnection of the 5.1 million MTNN subscribers that were disconnected in August & September 2015 and is based on a N200, 000 fine for each improperly registered subscriber. MTN Nigeria is currently engaging with the NCC to resolve the matter.”
"Shareholders are advised that the NCC has imposed a fine equivalent to $5.2 billion on MTN Nigeria. This fine relates to the timing of the disconnection of 5.1 million MTN Nigeria subscribers who were disconnected in August and September 2015 and is based on a fine of N200, 000 for each unregistered subscriber.
“MTN Nigeria is currently in discussions with the NCC to resolve the matter in recognition of the circumstances that prevailed with regard to these subscribers. We will continue to update shareholders in this regard.”
