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| MTN has the highest number of subscribers in Nigeria |
MTN says Nigeria is
slashing its massive fine by more than a third to $3.4 billion, and the CEO of
the embattled Nigerian subsidiary of Africa's largest telecommunications giant
is resigning. A
statement Thursday from the South African-based group announced major
management changes to strengthen oversight and regulatory compliance across all
22 countries of its operations in Africa and the Middle East.
Associated Press report continues:
The
US$3.4 billion, down from US$5.2 billion, still is the largest meted out in the
telecommunications industry, according to experts.
The
Nigerian Communications Commission fined MTN for failing to deactivate 5.2
million unregistered cellphone SIM cards by an August deadline despite many
warnings.
It's a national security
issue in Nigeria, where Islamic extremists use cell phones to detonate bombs
and criminals use them in kidnappings and armed robberies.
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