MTN Given November 16 Deadline To Pay $5.2 Billion Fine

A general view of the headquarters of South Africa’s MTN Group in Johannesburg, May 27, 2008. South African companies and investors are beginning to use their base in Africa’s biggest and most sophisticated market as a springboard to move into the continent’s fast-growing frontier markets. Picture taken May 27, 2008. To match Feature FRONTIERS/AFRICA REUTERS/Mike Hutchings (SOUTH AFRICA – Tags: BUSINESS) Nigerian Communications Commission has said it has set a November 16 deadline for South African mobile giant MTN to pay a $5.2 billion fine for missing a deadline to disconnect unregistered SIM cards. “The deadline set for the payment of the fine is November 16,” Nigerian Communications Commission (NCC) said the spokesperson Tony Ojobo . “The key issue is if MTN breached the law or not. Certainly, there was a breach. And if there is a breach, we will apply the law.” In August the NCC issued a directive to mobile telecoms companies opera