SENS Note - 26 October 2015 |
MTN 201510260032A The Nigerian Communications Commission (NCC) imposes fine on MTN Nigeria MTN Group Limited (Incorporated in the Republic of South Africa) Registration number: 1994/009584/06 ISIN: ZAE000042164 Share code: MTN (“MTN”) The Nigerian Communications Commission (NCC) imposes fine on MTN Nigeria Shareholders are advised that the NCC has imposed a fine equivalent to US$5.2 billion on MTN Nigeria. This fine relates to the timing of the disconnection of 5.1 million MTN Nigeria subscribers who were disconnected in August and September 2015 and is based on a fine of N200, 000 for each unregistered subscriber. MTN Nigeria is currently in discussions with the NCC to resolve the matter in recognition of the circumstances that prevailed with regard to these subscribers. We will continue to update shareholders in this regard. Fairland 26 October 2015 Sponsor Deutsche Securities (SA) Propriety Limited Date: 26/10/2015 02:24:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS. |
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