The Nigerian Communications Commission has reduced the $5.2bn imposed fine on MTN Nigeria to $3.4bn,the fine imposed on MTN was as a result of the company's failure to deactivate unregistered lines when instructed by NCC.
The Executive Chairman Phuthuma Nhleko stated that it is essential for the Company to follow due process to ensure the best outcome for the Company.Also in his statement;
"Shareholders are therefore advised to continue to exercise caution when dealing in the Company’s securities until a further announcement is made. As we committed to you previously, and in the spirit of our Vital Behaviour of Complete Candour, we will keep you updated as the matter unfolds. As we enter the busy year-end period in our business, I encourage you to continue focusing on our customers and strive to keep our promise to provide the bold, new Digital World to them."
No comments:
Post a Comment