MTN has decided to take the legal route to challenge a US$3,9bn fine imposed on it by the Nigerian Communications Commission. This is after it exhausted all other options to have the fine reduced, it said in a statement to shareholders on the JSE’s stock
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Telecommunications group MTN has confirmed that the Nigerian Communications Commission has imposed a fine on its Nigerian subsidiary of a massive US$5,2bn (about R71bn). The confirmation of an earlier report published by Technology Times in Nigeria
MTN’s share price was trading down by more than 5% at lunchtime on Monday after reports emerged from Nigeria that the telecommunications group is facing a fine of more 1,04 trillion naira