MTN has finally bowed to pressure as it has accepted
to pay the N1.04 trillion fine slammed on it last week by the telecoms
regulatory authority, the Nigerian Communications Commission (NCC).
Accordingly, the telecoms operator was fine for
violating its directive on SIM deactivation.
This follows series of meeting held between MTN
management team from South Africa and Nigeria with the Vice President, Prof.
Yemi Osinbajo.
The telecoms operator which has largest subscriber
base in Nigeria, it was gathered, may have agreed to pay the fine to sustain
the interest of its telecoms business.
Industry sources who confirmed the new arrangement,
disclosed that the federal government is already yielding to the plea, which
according to him, was part of the agreement reached at the series of meeting
held at the weekend in Nigeria.
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