S.Africa's MTN proposes $1.5 bln settlement for Nigeria fine: document - CNBC Africa

S.Africa's MTN proposes $1.5 bln settlement for Nigeria fine: document

Southern Africa

by Reuters 0

MTN proposes $1.5 bln settlement for Nigeria fine: document. PHOTO: MTN

South Africa's MTN Group has proposed a 300 billion naira ($1.51 billion) payment to settle a $3.9 billion fine in Nigeria, a document seen by Reuters shows.

MTN was handed the penalty in October last year for missing the deadline to disconnect users with unregistered SIM cards.

 

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