{"id":102773,"date":"2015-11-01T08:44:35","date_gmt":"2015-11-01T06:44:35","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=102773"},"modified":"2015-11-01T08:44:35","modified_gmt":"2015-11-01T06:44:35","slug":"mtn-asked-sa-government-to-help-with-r71-billion-fine-report","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/telecommunications\/102773\/mtn-asked-sa-government-to-help-with-r71-billion-fine-report\/","title":{"rendered":"MTN asked SA government to help with R71 billion fine: report"},"content":{"rendered":"<p><strong><a href=\"http:\/\/www.timeslive.co.za\/sundaytimes\/businesstimes\/2015\/11\/01\/MTN-calls-in-big-guns-to-fight-fine-in-Nigeria\" target=\"_blank\">The Sunday Times has reported that<\/a>\u00a0<\/strong>MTN is meeting with Nigerian officials at the highest level to fight the R71 billion fine, and that it enlisted the help of the South African government for the negotiations.<\/p>\n<p>This news follows <strong><a href=\"http:\/\/mybroadband.co.za\/news\/business\/144219-mtn-provides-feedback-on-r71-billion-fine.html\">a SENS announcement by MTN<\/a><\/strong> on 30 October\u00a0that it was engaging with the Nigerian authorities regarding the fine from the Nigerian Communication Commission (NCC).<\/p>\n<p>The NCC imposed a fine of 1.04 trillion naira on MTN Nigeria for not disconnecting 5.1 million subscribers as required by the country\u2019s SIM registration rules.<\/p>\n<p><a href=\"http:\/\/mybroadband.co.za\/news\/business\/144055-mtn-loses-r63-billion-in-value-in-less-than-a-week.html\"><strong>MTN\u2019s share price plummeted<\/strong><\/a> following the news, with ratings agency Standard &amp; Poor\u2019s downgrading MTN\u2019s credit rating \u2013 putting the mobile network on a negative credit watch.<\/p>\n<p>MTN said its CEO, Sifiso Dabengwa, is engaging with the Nigerian authorities \u201con the regulatory aspects of this matter\u201d.<\/p>\n<p>MyBroadband asked MTN for comment regarding the fine in Nigeria, but the company did not provide feedback.<\/p>\n<p>In related news, the City Press reported that the kidnapping of former Nigerian finance minister Olu Falae may have aggravated the fine.<\/p>\n<p>According to the report, MTN numbers were used by the kidnappers to negotiate a ransom for Falae.<\/p>\n<h3 class=\"my-4\">More on MTN<\/h3>\n<p><strong><a href=\"http:\/\/mybroadband.co.za\/news\/business\/144055-mtn-loses-r63-billion-in-value-in-less-than-a-week.html\">MTN loses R63 billion in value in less than a week<\/a><\/strong><\/p>\n<p><strong><a href=\"http:\/\/mybroadband.co.za\/news\/business\/143813-mtn-messed-up-with-r71-billion-fine-analysts.html\">MTN messed up with R71 billion fine: analysts<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Sunday Times has reported that MTN is meeting with Nigerian officials at the highest level to fight the R71 billion fine.<\/p>\n","protected":false},"author":31,"featured_media":70619,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[26,28,2787,10731],"class_list":["post-102773","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-telecommunications","tag-headline","tag-mtn","tag-ncc","tag-nigerian-communication-commission"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/102773","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/31"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=102773"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/102773\/revisions"}],"predecessor-version":[{"id":102775,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/102773\/revisions\/102775"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/70619"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=102773"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=102773"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=102773"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}