MTN Adheres To ₦330b Fine Payment Schedule According To The NCC Chief
MTN is a South Africa-based multinational mobile telecommunications company, operating in many African, European and Asian countries. Its head office is in Johannesburg. As of 30 June 2017, MTN recorded 500 million subscribers across its operations. Although MTN operates in over 20 countries, one-third of its revenues come from Nigeria, where it holds about 43% market share. Recently, The Nigerian Communications Commission (NCC) has confirmed MTN Nigeria’s adherence to the deal entered in 2015 after the South African company was fined ₦1.04 trillion for non-compliance with the deactivation of unregistered SIM cards on its network. According to The Guardian, asides the failure of MTN Nigeria, which controls 43% of the country’s telecommunications market, to fully deactivate subscribers with unregistered and incomplete Subscriber Identification Modules (SIM) cards details within the stipulated time, NCC officials feel belittled and disrespected after MTN sent low ...