Business Journal

IT & Telecom

MTN: ‘Claims of Reported Final Fine Settlement Premature’


The management of MTN Nigeria says it is premature to speculate on the final settlement of the fine issue between it and the Nigerian Communications Commission [NCC].

Indeed, it was widely reported that MTN Nigeria has insisted on paying only N300, 000 out of the N780, 000 fine to the NCC.
But MTN Nigeria issued an official release few seconds ago on the issue.

The release read as follows:
“The management of MTN Nigeria is aware of the reports on the settlement negotiations.
The CEO of MTN, Ferdi Moolman, stated that the confidential negotiations are still very much on-going with the authorities to achieve an amicable resolution of the matter.

Accordingly‎, no further comment can be made at this time.”

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