Nigeria’s major telecoms company MTN today confirmed the extension of deadline for the payment of the record high fee slammed on it by the regulatory body in Nigeria the Nigerian Communications Commission (NCC).
In a statement sent to its shareholders, MTN said the Nigerian authorities have, without prejudice, agreed that the imposed fine will not be payable until the negotiations have been concluded.
The network added that the Executive Chairman of the Company, Mr Phuthuma Nhleko, has personally met with the Nigerian authorities to continue the ongoing discussions with them regarding the fine of N200,000 for each unregistered subscriber (“the fine”), the equivalent of US$5.2 billion imposed on MTN Nigeria by the Nigerian Communications Commission (“NCC”).
“These discussions include matters of non-compliance and the remedial measures that may have to be adopted to address this,” MTN stated.
It would be recalled that NCC had set a deadline for payment of the fine by Monday, 16 November 2015.
“MTN is committed to resolving the matter together with the NCC as soon as possible,” MTN stated.
