MTN in talks with Nigeria regulator to cut $3.9 bln fine and plan payment: Buhari - CNBC Africa

MTN in talks with Nigeria regulator to cut $3.9 bln fine and plan payment: Buhari

Western Africa

by Reuters 0

MTN in talks with Nigeria regulator to cut $3.9 bln fine and plan payment. PHOTO: MTN

South African telecoms company MTN is in talks with Nigeria's telecoms regulator to reduce the $3.9 billion fine imposed for its failure to disconnect unregistered sim cards and arrange gradual payment, President Muhammadu Buhari said on Tuesday.

The Nigerian president made the comment at a joint news conference with his South African counterpart Jacob Zuma following talks between the pair at the start of the latter's two-day state visit to Africa's most populace nation.

The South African company has so far paid $250 million after dropping a legal case against the Nigerian Communications Commission.

 

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