A MTN service provider tries to register a client’s SIM card in Lagos,
on October 27, 2015. Nigeria’s telecommunications regulator has fined
South African mobile giant MTN $5.2 billion for missing a deadline to
disconnect unregistered SIM cards, the company announced on Monday.
The penalty saw shares in Africa’s largest telecommunications company
crash more than 12 percent to 167 rand on the Johannesburg Stock Exchange,
the biggest fall the firm has suffered in a day since November 1998. AFP PHOTO
Three days after Nigerian Communications Commission, NCC slammed a N1.4 trillion penalty on MTN Nigeria for failure to disconnect customers with unregistered SIM cards, Parent company MTN group has cried out that the fine was too extreme, even as it continues to engage the regulator on how to resolve the issue.