South African mobile phone organisation MTN to compensate $1.7bn Nigeria fine

MTN billboard in Lagos, NigeriaImage copyright
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Nigeria is MTN’s biggest marketplace in Africa

South African mobile-phone hulk MTN has concluded to compensate $1.7bn (£1.1bn) to Nigeria over unwell to undo unregistered Sim cards.

The organisation was creatively fined a record $5.2bn by a Nigerian Communications Commission (NCC) though a dual sides have staid on a reduce amount.

“This is a best outcome for a company,” MTN executive authority Phuthuma Nhleko said.

The excellent was imposed amid fears that militants were regulating a phone lines.

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The NCC reliable in a matter that payments would be done by instalments over a subsequent 3 years.

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