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MTN Withdraws Case against NCC

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MTN Group, South African telecoms firm, has withdrawn its legal action against Nigerian Communications Commission (NCC) over a $3.9 billion fine imposed on it over issues around registration of its subscribers.

It is not clear how much MTN has paid or offered to pay as final settlement of the issue, but a statement from the telecoms firm said it paid $250 million towards a possible settlement..

Africa’s leading telecoms firm was fined by the Nigerian Communications Commission in October for failing to disconnect unregistered SIM users, prompting weeks of lobbying to reduce the fine.

The original amount was based on fining the company $1,000 for every unregistered SIM card in use.

“MTN Nigeria has today made an agreement without prejudice in good faith payment of 50 Billion Naira ($251.3 million) to the Federal Government of Nigeria on the basis that this will be applied towards a settlement, where one is eventually, hopefully arrived at, the company said.

MTN, which makes 37 percent of its sales in Nigeria, said it would withdraw its court challenge in an effort to reach an amicable settlement.

Its share value has dropped over the infraction and the fine.

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