Nigeria fines Airtel, others for poor service

Tags: News
Nigeria's telecoms regulator has fined mobile operators MTN , Airtel and Globacom a combined 647.5 million naira and banned them from selling SIM cards in March due to poor service, it said on Thursday.

Globacom, which is owned by Nigerian billionaire Mike Adenuga, was fined 277.5 million naira, while South Africa's MTN and Airtel, which is owned by Bharti Airtel , were each fined 185 million naira, the Nigerian Communications Commission (NCC) said in a statement.

The NCC will charge each company 2.5 million naira for every day the fine is not paid after March 7, it said. The month-long ban on selling SIM cards in a country of around 170 million people could be the most damaging.

The penalties were imposed because the operators had failed to meet key performance indicators in January, the NCC said.

EDITORIAL OF THE DAY

  • Mergers apart, Sebi must also allow fund houses to offer diverse products

    The Securities and Exchange Board of India’s (Sebi’s) reported push for merger of open-ended mutual fund schemes is a logical step, as there is li

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Arun Nigavekar

Can Hefa actually become a reality?

The ministry of human resource development (MHRD) is actively wo­rking ...

Rajgopal Nidamboor

Creativity is that divine luminosity

Creativity or ingenuity, isn’t a licence limited to ‘functioning’ minds ...

Dharmendra Khandal

No one's getting rich overnight by poaching

We often read in newspapers that tiger skin worth Rs ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture