South African-based MTN Group said Tuesday that the Nigerian Communications Commission is extending its operating
license to 2021 at a cost of $94.2 million. Nigeria is by far MTN's biggest market. Last week, the commission fined MTN $5.2
billion for failing to disconnect millions of unregistered cellphone subscribers, sparking speculation about the company's future in
Nigeria. The companies share price has dropped sharply and the Johannesburg Stock Exchange halted trade of its shares on
Monday until the company assured shareholders that it was negotiating the fine with Nigerian authorities...
license to 2021 at a cost of $94.2 million. Nigeria is by far MTN's biggest market. Last week, the commission fined MTN $5.2
billion for failing to disconnect millions of unregistered cellphone subscribers, sparking speculation about the company's future in
Nigeria. The companies share price has dropped sharply and the Johannesburg Stock Exchange halted trade of its shares on
Monday until the company assured shareholders that it was negotiating the fine with Nigerian authorities...
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