MTN fine 16 Billion naira

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Serious I am tired of this news. I am also wondering when the MTN 4G will be fully implemented in Nigeria. Last month all of us were excited by the news that MTN 4G will be made available in Nigeria as of July. Of course, this July and is not yet late, but my concern is that no news from MTN since that day when all tech news sites like TechCabal, TechCity and of course us TechProducts were on deck to deliver the breaking news. Well, there is another rumor that MTN group are set out o roll out this service to Nigerians. Here is what MTN Nigeria CEO has to said about rolling MTN 4G in Nigeria.


“After complying with all the requirements for the 2.6GHz auction and making the licence payment of N18.96 billion to the NCC, MTN has been issued a letter of award. With the 2.6 GHz band, we expect to roll out and provide the full range of LTE services to Nigerians, empowering Nigeria with the latest mobile broadband technology,” Moolman said.

He described the license as a further step in the right direction for Nigeria.

“Indeed, MTN is fully aligned and supports the NCC’s objective to deliver broadband services to present and future generations of subscribers, in line with the National Broadband Plan of 2013,” he said.

He added “This license acquisition further demonstrates MTN’s abiding faith in the future of Nigeria and the resilience of the Nigerian economy. MTN continues to believe in Nigeria and we have expressed this belief in the level of our investment, which currently stands at approximately USD 15 billion and counting. We strongly believe that there is need for significant levels of investment in broadband infrastructure and services to truly launch Nigeria into the information age. We are honoured to be the arrowhead.”

“In addition, we are also delighted that the matter of the fine imposed by the NCC was amicably settled in the interest of all parties. I am pleased to announce that the first payment of N30 billion in the terms of settlement has already been disbursed to the NCC. In addition to the earlier payment of N50billion which we paid in good faith and without prejudice on February 24, this means we have now paid a total of N80 billion.”




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