Tuesday, October 27, 2015

NCC Confirms Imposing N1.04 Trillion Fine On MTN, Suspends Its Regulatory Services

The Nigeria Communications Commission (NCC) has suspended all regulatory services to MTN Nigeria until its pays the N1.04 trillion ($5.2bn) fine for flouting its directive to deactivate 5.2 million incomplete subscriber identification module (SIM) cards on its network.

Consequently, the share price of MTN Group reacted failing by 12 per cent yesterday.

Nigeria's largest mobile operator with headquarters in South Africa is in for more trouble for 28 accumulated breaches. MTN Nigeria N1.04 trillion ($5.2bn) for not deactivating incomplete SIM cards on its network.

According to an NCC document which catalogued MTN's numerous infractions, the regulator decided to wield the big stick to beat MTN into line.
"In the NCC quarterly compliance enforcement report for Q2 2015, out of the six sanctions imposed on operators for various acts on non-compliance, MTN was involved and sanctioned for four separate infractions," the NCC document stated.
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