MTN has till the 16th of November to either negotiate downwards or pay up the N1trillion fine imposed on it by the Nigerian Communications Commission for its sim card registration violation. It is still uncertain whether the files will be negotiated downwards, paid in full or if the deadline date will be extended.
Reports reaching us suggests that the new Group’s Executive Chairman Phuthuma Nhleko has been in Nigeria in the past few days for negotiations.
A silver lining is the statement made by the new Minister of Communication that the country does not want to see MTN “die”.
“A judgment has been given, as it were, and the period for enforcement has not yet passed,” Adebayo Shittu, who was sworn in as communications minister this week, told Reuters in an interview. ……Nobody wants MTN to die. Nobody wants MTN to shut down,”