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MTN Nigeria fined $5.2 billion for disconnecting users

Staff writer |
The Nigerian Communications Commission (NCC) has slapped MTN Nigeria with a $5.2 billion penalty for the disconnection of 5.1 million of its subscribers.

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The group said the fine "relates to the timing" of the disconnection. Last week, MTN announced that its subscriber base in Nigeria marginally declined to 62.5-million for the three months to September.

This was mainly as a result of the disconnection of 5.1 million subscribers at the end of August 2015 in line with industry-wide regulatory registration requirements. To date, 3.4-million of these subscribers have been reconnected.

MTN said it was in discussions with the regulator to resolve the matter. Last week the company reported a slowdown in quarterly subscriber growth and said performance continued to be impacted by ongoing regulatory restrictions.

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