Mtn South African mobile-phone giant MTN has
agreed to pay $1.7bn (£1.1bn) to Nigeria over
failing to disconnect unregistered Sim cards.
The firm was originally fined a record $5.2bn by
the Nigerian Communications Commission (NCC)
but the two sides have settled on a lower
“This is the best outcome for the company,” MTN
executive chairman Phuthuma Nhleko said.
The fine was imposed amid fears that militants
were using the phone lines.
The NCC confirmed in a statement that payments
would be made by instalments over the next
three years.