The Nigerian Telecommunications Commission, NCC has said that its letter to MTN notifying the company of a reduction in its $5.2b fine had a half a billion dollars typographical error.
The NCC said that whereas its initial letter to MTN conveyed a 35% reduction in its $5.2b fine, the actual reduction was 25%.
Given the clarification, MTN is to pay a fine of N780b ($3.9b) as against the N674bn ($3.4b) that was wrongly indicated in the initial letter.
The Nigerian authorities had earlier imposed a fine of $5.2b on MTN for failing to disconnect unregistered SIM cards from their network.
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