MTN gets one more chance to make this right.
Today, MTN confirmed the extension of the N1.04 trillion fine deadline slammed against it by NCC. They confirmed it in a statement sent to its shareholders. The statement reads:
Although the Nigerian Communications Commission set a deadline for payment of the fine by Monday, 16 November 2015, shareholders are advised that the Nigerian authorities have, without prejudice, agreed that the imposed fine will not be payable until the negotiations have been concluded.
Mr. Phuthuma Nhleko himself met with the Nigerian authorities to continue the ongoing discussions with them.
Even though there are no new deadline dates mentioned, I think Nigerians will still be watching in 3D.
Now, who guessed the outcome of this drama correctly?