Wednesday, 27 January 2016

Nigeria regulator says MTN seeks 'amicable' settlement over fine

Jan 27 South Africa's MTN is seeking an "amicable" out-of-court settlement with Nigeria's NCC telecommunications regulator which has fined the cell operator $3.9 billion, a top NCC official said on Wednesday.


MTN has filed a suit against the fine which was imposed on the company for failing to deactivate unregistered phone SIM cards.
"Our lawyers communicated to us that indeed MTN is resorting to a settlement out of court," Umar Garba Danbatta, NCC's executive vice chairman told reporters. "They (MTN) are trying to get this settled amicably." (Reporting by Alexis Akwagyiram; writing by Ulf Laessing; editing by Jason Neely)

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