Monday, 16 November 2015

MTN says NCC has extended deadline for fine payment

MTN Group on Monday said the Nigerian Communications Commission (NCC) had extended the deadline for the payment of the N1.04 trillion (5.2 billion dollars) fine imposed on it, pending the conclusion of negotiations.

In a statement obtained in Lagos, the Group said that the Chairman of the Company, Mr Phuthuma Nhleko, had personally met with NCC to continue the ongoing discussions regarding the fine.

It said that the discussions included matters of non-compliance and the remedial measures that might have to be adopted to address it.

“Shareholders are referred to the announcements issued by the company on the Stock Exchange News Service (SENS) of the JSE Ltd on Oct. 26, 2015, Oct. 30, 2015, Nov. 2, 2015, Nov. 3, 2015 and Nov. 9, 2015, respectively.

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