A new sheriff is truly in town and it's no longer business as usual as MTN has finally bowed to pressure and accepted to pay the...
A new sheriff is truly in town and it's no longer business as usual as MTN has finally bowed to pressure and accepted to pay the N1.04 trillion ( $5bn ) fine slammed on it last week by the telecoms regulatory authority, the Nigerian Communications Commission (NCC).
MTN was fined for violating its directive on SIM deactivation. MTN wanted a waiver considering their level of investments Nigeria, but FG did not buy the idea. NCC had initially given MTN a time frame to pay up or lose its license.
But now there will likely be concession but certainly not a waiver, after a series of meetings at the Presidency over the weekend between the VP Osinbajo and the MTN team, MTN negotiated on how to stagger the payment.
