The Nigerian Communications Commission has actually raised a disconnection notification put on Globacom after it reached an interest payment contract with MTN Nigeria.
Both telcos ended a 15-year-long disagreement over affiliation costs after MTN consented to accept N2 billion in interest payments rather of the initial amount of N3 billion, TechCabal specifically reported
today.
Globacom had actually at first paid N1.6 billion as the primary financial obligation however had actually challenged the interest accumulated on the financial obligation, a source near the matter informed TechCabal. This triggered the NCC to set a timeline of 21 days for both celebrations to settle on the interest quantity and when it would be paid.
The NCC stepped in to avoid any possible interruptions to the over 61 million customers on the Globacom network.
“The Commission repeats that stringent adherence to the terms of licenses, especially those marked in affiliation arrangements, is vital for all Mobile Network Operators (MNOs) and other licensees within the telecom market,” stated the NCC declaration.
Henceforth, mobile network operators need to send records and routine updates relating to interconnectivity to the NCC. The commission likewise stated it would embrace a transparent technique towards market insolvency.