MTN Nigeria given 2 months to settle fine dispute - Mobile World Live

MTN Nigeria given 2 months to settle fine dispute

22 JAN 2016

MTN Nigeria, which is disputing a $3.9 billion fine from the country’s telecoms regulator, has been given until 18 March to try to settle the issue outside of the courts.

Earlier this week, MTN reportedly said it will not pay a “dime or penny” of the fine imposed by the Nigerian Communications Commission in October for its failure to cut off unregistered SIM cards from its network.

However, in a new statement to shareholders, it revealed that a federal high court judge in Lagos has “adjourned the matter to 18 March 2016 in order to enable the parties to try and settle the matter. If the parties are unable to reach a settlement the matter will then proceed on that date.”

The fine, which originally stood at $5.2 billion, was cut by 25 per cent after lengthy negotiations, but MTN was still not satisfied, and said in December it would take the issue to court.


Saleha Riaz

Saleha joined Mobile World Live in October 2014 as a reporter and works across all e-newsletters - creating content, writing blogs and reports as well as conducting feature interviews...More

Read more