South African mobile phone firm MTN to pay $1.7bn Nigeria fine

MTN billboard in Lagos, Nigeria Image copyright Getty Images
Image caption Nigeria is MTN's biggest market in Africa

South African mobile-phone giant MTN has agreed to pay $1.7bn (£1.1bn) to Nigeria over failing to disconnect unregistered Sim cards.

The firm was originally fined a record $5.2bn by the Nigerian Communications Commission (NCC) but the two sides have settled on a lower amount.

"This is the best outcome for the company," MTN executive chairman Phuthuma Nhleko said.

The fine was imposed amid fears that militants were using the phone lines.

Africa Live: BBC news updates

The NCC confirmed in a statement that payments would be made by instalments over the next three years.

More on this story

Around the BBC

Related Internet links

The BBC is not responsible for the content of external Internet sites