MTN Nigeria and Globacom (Glo), 2 of Nigeria’s leading telcos, have actually ended a 15-year-long conflict over affiliation charges after MTN accepted accept 2 billion to settle the interest payment rather of the 3 billion at first required, a single person knowledgeable about the settlements informed TechCabal. The affiliation financial obligation on which those interests accumulated was settled previously, the very same individual stated.
The contract follows efforts started by the Nigerian Communications Commission (NCC) at the request of Glo. In January, Glo dealt with the risk of disconnection by MTN Nigeria and was provided 21 days by the NCC to settle its financial obligation or threat seeing its 61.5 million customers obstructed from calling MTN lines.
Glo’s affiliation costs financial obligation grew for many years due to the fact that it frequently paid considerably less than the expense it acquired. There have actually been several risks from MTN and Airtel Nigeria to detach Glo throughout the years, with MTN detaching Glo for 5 days in 2019.
The current disconnection procedure started in November 2022 due to a built up financial obligation owed to MTN Nigeria by Glo, and MTN looked for NCC’s approval for a disconnection, ultimately getting it in December 2023.
A source at NCC stated the brand-new executive vice chairman prepares to do things in a different way by guaranteeing all telecom operators abide by the marketplace guidelines.
* This is an establishing story