BUSINESS NEWS

Nhleko negotiates a cut deal for MTN!

Originally, fined $5.2 billion it has now being confirmed that R48bn has been agreed to, according to MTN.MTN-logo

However, the fine has to be paid end of December 31.

“After further engagements with the Nigerian authorities, the NCC has reduced the imposed fine,” MTN said in statement.

“Executive Chairman Phuthuma Nhleko will immediately and urgently re-engage with the Nigerian authorities before responding formally,” it said.

The Nigerian Communications Commission handed Africa’s biggest mobile phone company the penalty in October after MTN failed to cut off users with unregistered SIM cards from its network, thus resulting in the re-appointment of Nhleko to steer the ship of which he has done.

MTN, which makes about 37% of its sales from Nigeria, said it was considering the NCC’s decision.

Meanwhile, MTN is considering taking severe steps against senior members allegedly involved in the matter.

Related posts

Home Affairs minister to challenge court’s ruling on ZEP

INFO SUPPLIED

ZUI a boutique par excellence unveils A/W collection

Sydney MORWENG

Young Golfer to feature in the global challenge

Karabo MOLOI

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.