MTNN Makes Final Payment of N55b to NCC in Relation to 2015 SIM Registration Fine

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Friday, May 31, 2019 06:45PM / NSE 


MTN Nigeria Communications Plc makes final payment of N55 billion to Nigerian Communications Commission in relation to 2015 SIM registration Fine.

We wish to announce that MTN Nigeria Communications PLC (MTN Nigeria) paid the final installment of N55 billion to the Nigerian Communications Commission (NCC) on May 24, 2019. This completes payment of the N330 billion negotiated settlement agreed between the NCC and MTN Nigeria on June 10, 2016 in relation to The Fine imposed on MTN Nigeria in 2015 as a result of a dispute over The disconnection of unregistered and improperly registered SIMs.

 

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Graph 1: MTN Nigeria Communications Plc – One Year Share Price Movement

 

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Table: Unaudited Q1 2019 Results

 

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