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MTN Agrees to Pay Federal Government $1.7 billion Fine

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South African telecoms giant MTN said Friday it would pay a $1.7 billion fine to the Nigerian government in a “full and final settlement” over its failure to disconnect unregistered mobile phone users.

The company said in a statement that “MTN Nigeria has agreed to pay a total cash amount of Naira 330 billion over three years.”

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Africa’s biggest wireless operator was fined $3.9 billion last year and has since been in negotiations with the government over the payout.

AFP


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