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Tag Archives: MTN

May Day Shocker: MTN sacks 200 workers

 MTN Nigeria has sacked about 280 of its employees, in a major job cut that affected about 15% of the company’s entire Nigerian workforce, online newspaper Premium Times reported Monday, quoting unnamed sources. But a senior official of the South African telecom firm confirmed the sack to our reporter yesterday.   The report said those affected by the move include some ... Read More »

MTN must pay on December 31st-FG insists

The Federal Government has insisted that it would neither be cowed nor threatened by MTN’s court action against the N1.4trn fine which was later reduced to N780 billion, insisting that the telecommunications company risks another fine if it fails to pay on the 31st deadline. Minister of Communications, Mr Adebayo Shittu, made the statement yesterday in reaction to the suit instituted ... Read More »

NCC reduces MTN’s N1.04trillion fine as company sacks CEO and Regulatory Head

Two interesting news has just come out of the Headquarters of telecoms giants,  MTN. The first is that Nigerian Communications Commission (NCC) has agreed to reduce MTN’s fine from $5.2billion to $3.4bn  payable no later than December 31. And in another twist, Mike  Ikpoki the man who broke the jinx and made history as the first ever Nigerian to become ... Read More »

N1.04trillion fine: MTN must pay in full-Governors’ Forum

  The Governors of Nigeria’s 36 states said on Thursday that MTN must pay in full the fine imposed on it by its telecommunications regulatory body. The governors supported the telecom regulator in imposing a $5.2-billion (N1.04trillion) fine on the South African telecom group for failing to disconnect unregistered lines. The penalty, imposed on Africa’s biggest mobile phone group in ... Read More »

N1.04 trillion fine: MTN is a serial offender and must pay”-NCC

  Efforts by MTN Nigeria to reduce the $5.2bn (N1.04 trillion) fine imposed on it by the Nigeria industry regulator, the Nigeria Communications Commission, NCC reduced over its failure to deregister over five million unregistered lines on its network seemed to have hit the brick wall at least for now. NCC said on Monday that it is considering shifting the ... Read More »

MTN to pay N1.04 trillion today, denies asking for staggered payment

  Today, November 16, 2015 is the deadline day set by the National Communications Commission (NCC) for South African mobile phone firm MTN Group to pay its $5.2billion fine) As expected tension has gripped the company as Nigerians wait to see how this will pan out just as news reports filtered in that MTN has been given the liberty to ... Read More »

MTN’s Group MD resigns over $5.2billion fine mess

  MTN Group President and Chief Executive Officer, Sifiso Dabengwa, resigned on Monday morning over the N1.04tn fine imposed on MTN Nigeria by the country’s regulatory body – the Nigerian Communications Commission. His resignation letter reads “Due to the most unfortunate prevailing circumstances occurring at MTN Nigeria, I, in the interest of the company and its shareholders, have tendered my ... Read More »

MTN must obey laws of host nations-SA’s Deputy President

Former Chairman of MTN Group and current South African Deputy President, Mr. Cyril Ramaphosa has implore the Telecoms giant to respect and abide by the rules of its host nation. Obviously making reference to the $5.2million fine imposed on MTN by the Nigerian regulatory authority, Nigeria Communications Commission (NCC) for failing to disconnect unregistered sim cards, Ramophosa in an address ... Read More »

NCC gives MTN Nigeria two weeks to pay hefty $5.2b fine

Nigeria’s telecoms regulator on Friday gave MTN Group two weeks to pay a $5.2 billion fine imposed on Africa’s biggest mobile phone company for failure to cut off millions of users with unregistered SIM cards. The Nigerian Communications Commission (NCC) imposed the penalty on Monday on MTN’s Nigeria unit, the group’s biggest market by subscribers, sending the phone operator’s stock ... Read More »

NCC slams N1.4 trillion fine on MTN

  The Nigerian Communications Commission (NCC) has issued a landmark fine of N1.04 trillion ($5.2bn) against MTN Nigeria, the largest mobile network operator in the country for failing to disconnect subscribers with unregistered and incomplete subscriber identification modules (SIM) cards within the stipulated time. The fine which is the largest in the history of telecom infringements may redefine the relationships ... Read More »