MTN fined $5.2bn over SIM disconnections in Nigeria
The Nigerian Communications Commission
Johannesburg - AFP
Nigeria's telecommunications regulator has fined South African mobile giant MTN $5.2 billion for missing a deadline to disconnect unregistered SIM cards, the company announced on Monday.
The penalty saw shares in Africa's largest telecommunications company crash more than 12 percent to 167 rand on the Johannesburg Stock Exchange, the biggest fall the firm has suffered in a day since November 1998.
"This fine relates to the timing of the disconnection of 5.1 million MTN Nigeria subscribers," MTN said in a statement.
The Nigerian Communications Commission fined the company 200,000 naira (about $1,000) for each unregistered SIM.
Early in August the commission issued a directive to mobile telecoms companies operating in Nigeria to deactivate all unregistered SIM cards within seven days or face severe sanctions.
MTN Nigeria said it is now engaged in talks with the commission in a bid to resolve the matter.
Nigeria, Africa's most populous country, is MTN group's largest market where it had over 62.8 million subscribers by the second quarter of this year.
- Thursday ,13 December GMT 22:53 2018 Indian Minister of Trade meets with UAE Ambassador, Chairman of Emaar Properties
- Thursday ,06 December GMT 13:41 2018 Tyre maker Continental opens lab to extract rubber from dandelions
- Friday ,30 November GMT 15:22 2018 Paper industry around famous Chinese lake to be shut down by 2019
GMT 22:53 2018 Thursday ,13 December
Indian Minister of Trade meets with UAE Ambassador, Chairman of Emaar PropertiesGMT 13:41 2018 Thursday ,06 December
Tyre maker Continental opens lab to extract rubber from dandelionsGMT 15:22 2018 Friday ,30 November
Paper industry around famous Chinese lake to be shut down by 2019GMT 11:13 2018 Sunday ,18 November
Electricx 2018 kicks off with participation of over 20 countriesGMT 14:17 2018 Thursday ,25 October
BP eyes entering several new Rosneft projectsGMT 12:08 2018 Saturday ,20 October
OPEC participants performed Vienna Agreement by 111%GMT 16:14 2018 Saturday ,06 October
Saudi Aramco IPO to go ahead by early 2021GMT 19:01 2018 Thursday ,04 October
LEAD S. Korean firms offer aid for quake-hit Indonesia
Economic conference on investment opportunities in Syria kicks off
Bucharest - SANA
With the participation of 120 representatives of Romanian companies, Chambers of Commerce and industry, An economic conference on “Reconstruction in Syria between the development of economic steadfastness and the opportunities ofRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launched from the Baikonur CosmodromeLiverpool, Manchester City seek neighbours' help in title chase
London - DPA
Liverpool and Manchester City will be looking for a little help from their not-so-friendly neighbours this weekend. The Premier League front-runners face each other's local rivals when City host Everton and Liverpool take on Manchester United. Liverpool jumped above City at theBlue light in smartphones linked to blindness and some cancers
Spain - DPA
Ever since we have started to become chained to our smartphones and tablets, people have been saying that the waves coming off these devices must be bad for us. So often laughed off as conspiracy theorists, it now looks more and moreFestive Fashion by Dubai-based designer ASMARAÏA
Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
GMT 09:22 2016 Wednesday ,04 May
Brazil prosecutors sue BHP, Vale for US$43bn
GMT 01:14 2017 Friday ,20 October
US citizen detained in Yemeni capital
GMT 19:51 2017 Wednesday ,09 August
Nearly 60,000 evacuated after China quake kills 19
GMT 09:46 2017 Friday ,03 March
Roma mentality crucial to scudetto race
GMT 13:15 2017 Thursday ,13 April
Kenyan Ambassador Stresses Importance of HH the Emir's Visit in Developing Joint Cooperation
GMT 20:00 2017 Thursday ,27 July
Egyptian actresses succeeded in playing certain roles
GMT 13:19 2018 Saturday ,08 September
Construction of launch pad for Angara rocket begins at Vostochny spaceportGMT 19:07 2011 Monday ,18 April
NA panel demands investigation of CP diwan misspending allegationsGMT 18:38 2011 Wednesday ,09 February
Nuclear sites tour to go ahead, says Iran
GMT 06:34 2017 Friday ,17 March
'Nasser 10 will be great success'
GMT 02:07 2017 Friday ,17 November
Philippines to implement family planning law in blow to church
GMT 08:11 2017 Saturday ,18 November
Speaker congratulates Morocco on Independence Day
GMT 14:40 2017 Wednesday ,10 May
Bangladesh cleric critical after cleaver attack
GMT 13:05 2017 Wednesday ,08 March
Rihanna goes back to school
GMT 15:45 2017 Monday ,01 May
King Salman, Merkel discuss war on suicide, G-20 Summit in Jeddah talks
GMT 02:27 2017 Thursday ,23 November
France, five others risk breaking deficit rules: EU
GMT 08:12 2014 Thursday ,07 August
Khmer Rouge leaders jailed for life
GMT 13:59 2017 Wednesday ,29 November
Scientists discover resilient 'heart' of Great Barrier Reef
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor