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 BREAKING NEWS: Telecoms giant MTN agrees to pay Nigerian $1.7 billion fine

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Ashawo
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BREAKING NEWS: Telecoms giant MTN agrees to pay Nigerian $1.7 billion fine Empty
PostSubject: BREAKING NEWS: Telecoms giant MTN agrees to pay Nigerian $1.7 billion fine   BREAKING NEWS: Telecoms giant MTN agrees to pay Nigerian $1.7 billion fine Empty2016-06-10, 14:13

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South African telecoms giant MTN said Friday it would pay a $1.7 billion fine to the Nigerian government in a “full and final settlement” over its failure to disconnect unregistered mobile phone users.

The company said in a statement that “MTN Nigeria has agreed to pay a total cash amount of Naira 330 billion over three years.”

Africa’s biggest wireless operator was fined $3.9 billion last year and has since been in negotiations with the government over the payout.
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