Nigeria\u2019s telecommunication regulator has lifted its suspension of services to MTN, the mobile network said on Tuesday.<\/p>\n
The Nigerian Communications Commission (NCC) suspended regulatory services to MTN last year in October when the company was fined $5.2bn for failing to disconnect just over 5 million unregistered SIM cards. The NCC subsequently reduced the fine to $3.9bn.<\/p>\n
\u201cThis restoration of regulatory services will enable MTN Nigeria to pursue the necessary approvals, in accordance with the NCC regulatory process, for new tariff plans and promotions as well as other regulatory matters,\u201d said MTN in a statement.<\/p>\n
MTN Group earlier this month recorded a 51% drop in full-year profit as the company has set aside R9.29bn for its record multi-billion Nigerian fine.<\/p>\n
Talks between MTN and authorities regarding the fine settlement are still ongoing.
\nMTN is Nigeria\u2019s biggest mobile network with over 60 million subscribers.<\/p>\n
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