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 702’s The Money Show. Click here to listen to the interview.
First Avenue’s TMT analyst, Nadim Mohamed, also spoke about the event on Business Day TV. Click here for a link to the video interview. For further commentary on recent developments in the telecoms sector, click here for Nadim’s interview on CNBC Africa.