Nigerian Communications Commission has said MTN Group Ltd. must stick to a Dec. 31 deadline to pay a record $3.9 billion fine, even after MTN prepares to try and overturn the penalty in court. The NCC has said it will consult with its lawyers about what to do if MTN doesn’t pay the fine on Thursday, 31st December […]
MTN chief executive, Phuthuma Nhleko flew to Nigeria on Thursday to try to negotiate with authorities to reduce the R72 billion fine slapped on Africa’s largest mobile operator. The fine, due to be paid tomorrow, was imposed by the Nigerian Communications Commission after the mobile giant failed to deactivate 5.2 million improperly registered SIM cards. […]
South Africa’s MTN Group said on Monday its chief executive will resign immediately as the telecoms firm continued talks with the Nigerian government over a US$5.2 billion fine. Non-executive chairman Phuthuma Nhleko was appointed executive chairman for a maximum of six months after Sifiso Dabengwa stepped down, Africa’s biggest mobile phone company said in a […]
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