Nigeria’s Communications Commission (NCC) has reduced the fine that MTN has to pay from $5.2 billion to $3.4 billion.
Nigeria is MTN’s largest market in Africa.
The NCC imposed the fine on MTN due to the company’s failure to meet a deadline to disconnect 5.1 million unregistered users.
MTN's share price ended the day down 4.61%.
The Money Show’s Bruce Whitfield interviewed Duncan McCleod, Editor of Tech Central.
Scroll down for quotes from the audio below.
The negotiations are not over yet.— Duncan McCleod, Editor of Tech Central
This article first appeared on 702 : MTN share price down on news of $1.8 billion fine reduction