MTN executives meet with Nigerian authorities on $5.2 bln fine: sources - CNBC Africa

MTN executives meet with Nigerian authorities on $5.2 bln fine: sources

Western Africa

by Reuters 0

MTN executives meet with Nigerian authorities on $5.2 bln fine. PHOTO: MTN

Executives from South African telecom company MTN are meeting with Nigerian authorities on Thursday to discuss a 5.2 billion US dollars fine imposed on the group after it failed to disconnect subscribers with unregistered SIM cards, two regulatory sources said.

(READ MORE: South Africa's MTN seeks to reduce $5.2 bln Nigeria fine: sources)

Africa's largest mobile operator on Monday said the Nigerian Communications Commission (NCC) imposed a fine on MTN Nigeria over the timing of the disconnection of 5.1 million subscribers in August and September, sending its shares tumbling.

Senior government officials, [DATA MTN:MTN Group Limited] officials and the telecom regulator will attend the meeting.

"The federal government at the presidential level is holding a meeting with MTN and the NCC. The main thing on the agenda is the fine," the sources said.

MTN was not immediately available to comment.

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