Breaking: NCC withdraws disconnection notice on Glo after N2bn interest payment to MTN
- The Nigerian Communications Commission has lifted a disconnection notice placed on Globacom after it reached an interest payment agreement with MTN Nigeria.
- MTN agreed to accept N2 billion in interest payments instead of the original sum of N3 billion.
- Globacom had initially paid N1.6 billion as the principal debt but had disputed the interest accrued on the debt.
The resolution of the dispute between Globacom and MTN Nigeria is a positive development for both companies and the Nigerian telecommunications industry as a whole. It shows that the Nigerian Communications Commission is committed to ensuring fair and transparent practices among mobile network operators. The agreement reached sets a precedent for resolving similar disputes in the future.
