{"id":148373,"date":"2015-12-03T08:09:08","date_gmt":"2015-12-03T06:09:08","guid":{"rendered":"http:\/\/mybroadband.co.za\/news\/?p=148373"},"modified":"2015-12-03T08:15:54","modified_gmt":"2015-12-03T06:15:54","slug":"mtn-has-to-pay-r48-5-billion-fine","status":"publish","type":"post","link":"https:\/\/mybroadband.co.za\/news\/cellular\/148373-mtn-has-to-pay-r48-5-billion-fine.html","title":{"rendered":"MTN has to pay R48.5-billion fine"},"content":{"rendered":"<p>The Nigerian Communications Commission has reduced its fine on MTN Nigeria to N674 Billion Naira (\u00b1R48.5 billion).<\/p>\n<p>MTN received a letter dated 2 December 2015 from the NCC stating\u00a0it took the decision to reduce the fine on MTN Nigeria from the original N1.04 trillion to N674 billion. The fine has to be paid by 31 December 2015.<\/p>\n<p>The fine relates to the late disconnecting of 5.1 million MTN Nigerian subscribers in August and September 2015.<\/p>\n<p>\u201cWe are carefully considering the NCC\u2019s reply, however the Executive Chairman Phuthuma Nhleko will immediately and urgently re-engage with the Nigerian Authorities before responding formally,\u201d said MTN.<\/p>\n<p>\u201cIt is essential for MTN to follow due process to ensure the best outcome for the company, its stakeholders, and the Nigerian Authorities.&#8221;<\/p>\n<p>Shareholders were advised to exercise caution when dealing in MTN\u2019s securities until a further announcement is made.<\/p>\n<h3 class=\"my-4\">More on MTN<\/h3>\n<p><strong><a href=\"http:\/\/mybroadband.co.za\/news\/cellular\/148361-another-mtn-ceo-resigns.html\">Another MTN CEO resigns<\/a><\/strong><\/p>\n<p><strong><a href=\"http:\/\/mybroadband.co.za\/news\/government\/146679-big-danger-if-vodacom-mtn-and-telkom-are-not-stopped.html\">Big danger if Vodacom, MTN, and Telkom are not stopped<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MTN has announced that the Nigerian Communications Commission has reduced its fine to R48.5 billion.<\/p>\n","protected":false},"author":23,"featured_media":145141,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,14],"tags":[35,42,11339,3408,11341],"class_list":["post-148373","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-cellular","tag-headline","tag-mtn","tag-mtn-nigeria","tag-ncc","tag-nigerian-communications-commission"],"_links":{"self":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/148373"}],"collection":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/comments?post=148373"}],"version-history":[{"count":1,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/148373\/revisions"}],"predecessor-version":[{"id":148375,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/148373\/revisions\/148375"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media\/145141"}],"wp:attachment":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media?parent=148373"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/categories?post=148373"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/tags?post=148373"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}