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MTN ‘Offers Nigeria $1.5bn’ To Settle Dispute

MTN ‘Offers Nigeria $1.5bn’ To Settle Dispute

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The South African telecoms company MTN has offered Nigeria $1.5bn (£1bn) to settle a dispute over a failure to disconnect unregistered sim cards, Bloomberg reports.

MTN was fined $3.9bn by Nigeria’s communications authority and the company is trying to settle the issue through negotiation.

Bloomberg cites a letter letter to the government from MTN’s lawyer sent last month.

But MTN has not confirmed the offer and said in a statement that it “continues to engage with the Nigerian authorities in an attempt to ensure an amicable resolution to this matter”, Bloomberg reports.

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