Nigeria’s communications agency says a letter setting out reductions in a massive fine for MTN had a typo — one worth half a billion dollars.
Spokesman Tony Ojobo of the Nigerian Communications Commission told the AP Friday that the “initial letter” informed MTN its $5.2 billion fine is being reduced by 35 percent, instead of 25 percent.
MTN announced Thursday that its fine had been reduced to 674 billion naira ($3.4 billion). Ojobo said the actual amount is 780 billion naira ($3.9 billion).
The commission fined the South Africa-based telecoms company for failing to deactivate 5.2 million unregistered cellphone SIM cards by an August deadline.
MTN Group spokesman Chris Maroleng said he could not comment as negotiations continue.
Source: Associated Press
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