Unique: MTN, Globacom strike deal to settle ₦2 billion interconnection charge debt

Unique: MTN, Globacom strike deal to settle ₦2 billion interconnection charge debt

MTN Nigeria and Globacom (Glo), two of Nigeria’s main telcos, have ended a 15-year-long dispute over interconnection charges after MTN agreed to simply accept ₦2 billion to settle the curiosity cost as an alternative of the ₦3 billion initially demanded, one individual aware of the negotiations advised TechCabal. The interconnection debt on which these pursuits accrued was settled earlier, the identical individual stated. 

The settlement follows efforts initiated by the Nigerian Communications Fee (NCC) on the behest of Glo. In January, Glo faced the threat of disconnection by MTN Nigeria and was given 21 days by the NCC to settle its debt or danger seeing its 61.5 million subscribers blocked from calling MTN strains.

Glo’s interconnection charges debt grew over the 12 months as a result of it usually paid considerably lower than the invoice it racked up. There have been a number of threats from MTN and Airtel Nigeria to disconnect Glo over time, with MTN disconnecting Glo for 5 days in 2019. 

The latest disconnection course of started in November 2022 because of an gathered debt owed to MTN Nigeria by Glo, and MTN sought NCC’s approval for a disconnection, ultimately receiving it in December 2023. 

A supply at NCC stated the brand new government vice chairman plans to do issues in another way by making certain all telecom operators adjust to the market guidelines. 

*This can be a creating story

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