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MTN fined again

Publish date: 24 May 2017
Issue Number: 1684
Diary: Legalbrief eLaw
Category: Corruption

The Rwanda Utilities Regulatory Authority last week imposed a R112m fine on MTN, a reminder of the complex regulatory challenges the operator faces in some of its markets. Moneyweb reports that the fine relates to its non-compliance with the directives issued by the regulator prohibiting the inclusion of MTN Rwanda in the MTN South and East Africa IT hub. In 2015, the Nigerian Communications Commission imposed a $5.2bn fine on the group’s Nigerian subsidiary after it failed to disconnect more than 5m unregistered SIM cards (the fine was later reduced to about $1bn). MTN operates in 22 countries in the Middle East and Africa.

Full Moneyweb report

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