The Nigerian Communications Commission NCC has cut a fine imposed on MTN
Group by more than a third to N674 billion and gave the South African
mobile phone operator until the end of the year to pay it, the company
said on Thursday. The company also said it has received a formal letter dated December 2
from the NCC informing it that, “after considering the Company’s
request, it has taken the decision to reduce the fine on the MTN
Nigerian business from the original N1,040,000,000,000 (One Trillion,
Forty Billion Naira) to N674 Billion Naira which has to be paid by 31
December 2015.”
The fine relates to the late disconnecting of 5.1 million MTN Nigeria subscribers in August and September 2015.
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