MTNGroup will hold even more discussions with Nigerian authorities in an effort to further reduce a fine imposed on the South African firm for failure to cut off unregistered users, a source familiar with the matter said on Thursday.
Telecom giant to hold more talks with NCC to further reduce fine
"The fine is still big enough to cripple MTN's ability to invest in its network and that's what further talks with the NCC are about," the source said.
A customer leaves an MTN shop in Johannesburg April 10, 2012. REUTERS/Siphiwe Sibeko
The Nigerian Communications Commission (NCC) has reduced the penalty to $3.4 billion from $5.2 billion and given MTN until the end of the year to pay it.
MTN's spokesman Chris Maroleng declined to comment.
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