Wednesday, November 11, 2015

MTN Seeks Extension of Deadline to Pay U.S.$5.2 Billion Fine

Shortly after taking over the helm of affairs at MTN, the Executive Chairman, Phutuma Nhleko yesterday said that it hoped to resolve the lingering crisis around the $5.2 billion fine in two weeks.

Although, he has not asked for extension as a person, but industry analysts, yesterday, opined that his statement that he will resolve the issue in two weeks suggest that the telecommunications giant may not be able to meet the November 16 deadline (which is about five days from now), set by the Nigerian Communications Commission (NCC) for it to make the payment and as such may be running for an extension.

The NCC had on Monday insisted that MTN Nigeria must pay the fine no matter the challenges surrounding the telecommunications firm's management.

Read more.

No comments:

Post a Comment