Fine: MTN Pays N30bn More

Fine: MTN pays N30bn more

MTN Nigeria has made a first payment of N30bn to the Nigerian Communications Commission in respect of the fine imposed on the mobile operator.

The Chief Executive Officer, MTN Nigeria, Ferdi Moolman, stated this on Wednesday.

He said, “I am pleased to announce that the first payment of N30bn in the terms of settlement has already been disbursed to the NCC.

“In addition to the earlier payment of N50bn, which we paid in good faith and without prejudice on February 24, this means we have now paid a total of N80bn.”

The commission had on October 20, 2015 imposed a fine of N1.04tn on MTN for failing to disconnect 5.1 million improperly registered lines within a prescribed deadline.

After nearly eight months of negotiation and re-negotiation between MTN and the Federal Government on the sanction, the fine was on June 10, 2016 reduced to N330bn.

In a related development, the telecoms firm has said it has complied with all the requirements for the 2.6GHz spectrum.

Moolman said, “And after making the licence payment of N18.96bn for the 2.6GHz to the NCC, MTN has been issued a letter of award. With the 2.6 GHz band, we expect to roll out and provide the full range of Long-Term Evolution services to Nigerians, empowering Nigeria with the latest mobile broadband technology.”

“This licence acquisition further demonstrates MTN’s abiding faith in the future of Nigeria and the resilience of the Nigerian economy. MTN continues to believe in Nigeria and we have expressed this belief in the level of our investment, which currently stands at approximately $15bn and counting.

“We strongly believe that there is a need for significant levels of investment in broadband infrastructure and services to truly launch Nigeria into the information age. We are honoured to be the arrowhead.”

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