MTN Nigeria CEO, Ferdi Moolman has said the telecommunications company has paid N30bn to the Nigerian Communications Commission (NCC) in its first payment towards the settlement of a N330bn fine (almost 2 billion in dollars).

In October 2015, the telecoms company was fined $5.2 Billion for failing to meet NCC’s stipulated deadline for disconnecting unregistered subscribers. The fine was later reduced to what the telecoms company now has to pay.

Moolman said the payment was in addition to a payment of N50bn ($250m) made in “good faith” in February.

This means MTN has till date paid N80bn ($282.25million).

Moolman said MTN Nigeria subscribers could expect distinct improvements in browsing speed‚ quality and experience.

“This means that they (subscribers) will have fast access to high definition video streaming‚ as well as conferencing and calling‚ lag-free music streaming‚ and improved data uploads and downloads‚” Moolman said in a statement.

Author: Cerebral Lemon