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LequteMan
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Nigerian telecoms authorities have slashed the heavy $5.2bn fine imposed on MTN Group by 30 percent, Reuters reports.
MTN had been in talks with high-ranking officials from the NCC since late October in a bid to reduce the fine.
The fine had been imposed on the telecoms company for failing to cut off unregistered users, MTN said on Thursday.
"After further engagements with the Nigerian Authorities, the NCC has reduced the imposed fine," MTN said in statement, adding the penalty has been reduced to $3.4 billion.
The company added that it would "urgently e-engage" with the Nigerian authorities before responding formally to the NCC decision to reduce fine.
Nigeria, MTN's biggest market, has been pushing all telecom operators to verify the identity of their subscribers, on concerns that unregistered SIM cards were being used for criminal activity in a country facing an insurgency by Islamist militant group Boko Haram.
MTN had been in talks with high-ranking officials from the NCC since late October in a bid to reduce the fine.
The fine had been imposed on the telecoms company for failing to cut off unregistered users, MTN said on Thursday.
"After further engagements with the Nigerian Authorities, the NCC has reduced the imposed fine," MTN said in statement, adding the penalty has been reduced to $3.4 billion.
The company added that it would "urgently e-engage" with the Nigerian authorities before responding formally to the NCC decision to reduce fine.
Nigeria, MTN's biggest market, has been pushing all telecom operators to verify the identity of their subscribers, on concerns that unregistered SIM cards were being used for criminal activity in a country facing an insurgency by Islamist militant group Boko Haram.
