MTN Fined by Nigerian Regulator

On 3 November, 2015, the Nigerian Communications Commission (NCC) fined MTN a record amount of $5.2 billion for failing to disconnect 5 million unregistered subscribers in their Nigerian operation.  The scale of the fine represented 20% of their market capitalisation prior to the announcement. First Avenue’s Hlelo Giyose commented on MTN’s handling of the fine on […]

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