MTN faces yet another fine

MTN is facing yet another fine – this time in Uganda, after being found to have engaged in unlawful and uncompetitive behaviour in the country.

MTN and Ugandan group, EezeeMoney were business partners in the country, until MTN pulled out of the partnership in 2013, saying that EzeeMoney was a direct competitor to its business.

EzeeMoney went to court, saying MTN’s action “restricted and distorted competition” – a fight which it won.

The fine being imposed on the group amounts to $662,000 (R10 million), according to This Day Live, and comes on top of a $5.2 billion (R72 billion-plus) fine being imposed on the group in Nigeria.

The Nigerian Communications Commission (NCC) slapped the hefty fine on Africa’s biggest mobile operator after MTN failed to register 5.1 million SIM cards.

Newly appointed MTN chief executive, Phuthuma Nhleko, has personally met with the Nigerian authorities to continue the ongoing discussions with them regarding the fine.

According to eNCA, MTN has said it will appeal the Ugandan fine.

More on MTN

MTN gets Nigeria lifeline

MTN finally speaks out about Nigeria fine

JSE to investigate MTN for possible insider trading

MTN loses R63 billion in value in less than a week

MTN messed up with R71 billion fine: analysts

Latest news

Partner Content

Show comments

Follow us

Recommended

MTN faces yet another fine