Breaking News
Translate

N1.04trn fine: MTN drops 54% profit in 2015, invests $94m

South African telecom operator, MTN Group, yesterday, reported a 54.4 percent drop in annual profit for the year ending 31 December 2015. The loss, according to the company, followed the setting aside of nearly 10 billion rand, approximately $643 million, to cover settlement of the N1.04 trillion fine its Nigerian operation incurred for allegedly refusing to deactivate over five million improperly registered subscribers on its network.

Read More
Do NOT follow this link or you will be banned from the site!