AfricaCom 2019 to feature new AfricaTech Centre Stage

Tech takes
centre stage

New feature at
AfricaCom 2019.

Thursday, Sep 19th

More countries Nigeria

MTN Nigeria fine: payment deadline temporarily set aside

MTN Nigeria fine: payment deadline temporarily set aside.

In the most recent shareholder update by MTN, the mobile operator confirmed that it remains in discussion with the Nigerian Communications Commission (NCC) regarding the US5.2bn fine imposed on MTN Nigeria and authorities have agreed to waiver today's payment deadline.

According to a statement issued by MTN, executive chairman Phuthuma Nhloko has met with the Nigerian authorities and discussions remain ongoing regarding the fine of N200,000 for each unregistered subscriber.

It also stated that authorities have agreed to side-line the payment deadline of 16 November until the conclusion of negotiations.

"Although the Nigerian Communications Commission ("NCC") set a deadline for payment of the fine by Monday, 16 November 2015, shareholders are advised that the Nigerian authorities have, without prejudice, agreed that the imposed fine will not be payable until the negotiations have been concluded," the statement reads.

"MTN is committed to resolving the matter together with the NCC as soon as possible and will continue to update stakeholders of any material developments regarding the afore-mentioned fine via SENS," it continues.

The company advises shareholders to continue to exercise caution when dealing in the Company's securities until a further announcement is made.

ALSO ON ITWEB AFRICA

Sage 300 People positions Swift Group for growth Published on 19 September 2019

AWCape was appointed by Swift Holdings Group to supply and implement Sage 300 People.

Business support systems and 5G Published on 20 August 2019

BSS providers will play a key role in helping drive communication innovations in the future says Hassen Hamza, Pre-Sales & Business Development Director, MEA, at Nexign.

AfricaCom 2019 to feature new AfricaTech Centre Stage Published on 12 September 2019

New zoned exhibition area dedicated to AI, blockchain, FinTech, cloud, data and security, among other tech topics.

Nigeria dabbles in spectrum for 5G Published on 06 September 2019

Regulator approves spectrum frequency for local testing, but tech experts highlight market's more pressing priorities.