Breaking: NCC withdraws disconnection discover on Glo after N2bn curiosity fee to MTN

Breaking: NCC withdraws disconnection discover on Glo after N2bn curiosity fee to MTN

The Nigerian Communications Fee has lifted a disconnection discover positioned on Globacom after it reached an curiosity fee settlement with MTN Nigeria. 

Each telcos ended a 15-year-long dispute over interconnection charges after MTN agreed to simply accept N2 billion in curiosity funds as an alternative of the unique sum of N3 billion, TechCabal exclusively reported

this week.

Globacom had initially paid N1.6 billion because the principal debt however had disputed the curiosity accrued on the debt, a supply near the matter informed TechCabal. This prompted the NCC to set a timeline of 21 days for each events to agree on the curiosity quantity and when it could be paid. 

The NCC intervened to forestall any doable disruptions to the over 61 million subscribers on the Globacom community. 

“The Fee reiterates that strict adherence to the phrases and situations of licenses, notably these delineated in interconnection agreements, is crucial for all Cellular Community Operators (MNOs) and different licensees inside the telecommunications business,” stated the NCC assertion. 

Henceforth, cell community operators should submit information and common updates concerning interconnectivity to the NCC. The fee additionally stated it could undertake a clear strategy in the direction of business indebtedness.   

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