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LequteMan
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The Nigerian government had to agreed to cut the fine imposed on MTN for failing to disconnect unregistered users, before the firm agreed to pay the fine imposed on it, a government official on Friday revealed.
According to him, MTN threatened to pull out of Nigeria if government didn't cut the fine.
Read: MTN Finally Agrees To Pay $1.67bn of Nigeria Fine
"The Nigerian government had to listen and yield to the plea of MTN to reduce the fine because the company said paying the fine in full will ground to a halt its operations in Nigeria," the official said, asking not to be named.
The fine of $1.67 billion will be paid over three years and is only around a third of the $5.2 billion figure initially demanded by Nigeria last October.
"The present administration does not want to ground the operations of any investor in Nigeria," he said, in the first government reaction.
Reuters
According to him, MTN threatened to pull out of Nigeria if government didn't cut the fine.
Read: MTN Finally Agrees To Pay $1.67bn of Nigeria Fine
"The Nigerian government had to listen and yield to the plea of MTN to reduce the fine because the company said paying the fine in full will ground to a halt its operations in Nigeria," the official said, asking not to be named.
The fine of $1.67 billion will be paid over three years and is only around a third of the $5.2 billion figure initially demanded by Nigeria last October.
"The present administration does not want to ground the operations of any investor in Nigeria," he said, in the first government reaction.
Reuters
