MTN Nigeria, has been fined $5.2 billion for failing to disconnect millions of unregistered cellphone subscribers. The Nigerian Communications Commission confirmed the penalty based on each of 5.1 million cellphone SIM cards that had not been registered and should have been disconnected by the given August deadline, which is approximately N200,000 ($1,000).
The NCC issued an ultimatum on August 7, ordering all cellphone providers to deactivate unregistered sim cards withing seven days. MTN was only the service provider that didn't meet up with the dead line in Nigeria.
The $5.2 billion fine is equivalent to at least two average years' profit for MTN Nigeria and nearly three times the $1.8 billion that it has invested in the West African country, according to the company's website.
MTN South Africa has said on Monday that they will help in solving the case with the Nigerian company.
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