Nigeria says fines Airtel, others for poor service

ABUJA Fri Feb 28, 2014 1:49am IST

A worker cleans a logo of Bharti Airtel at its zonal office building in Chandigarh May 2, 2013. REUTERS/Ajay Verma/Files

A worker cleans a logo of Bharti Airtel at its zonal office building in Chandigarh May 2, 2013.

Credit: Reuters/Ajay Verma/Files

Related Topics

Stocks

   

ABUJA (Reuters) - Nigeria's telecoms regulator has fined mobile operators MTN (MTNJ.J), Airtel and Globacom a combined 647.5 million naira and banned them from selling SIM cards in March due to poor service, it said on Thursday.

Globacom, which is owned by Nigerian billionaire Mike Adenuga, was fined 277.5 million naira, while South Africa's MTN and Airtel, which is owned by Bharti Airtel (BRTI.NS), were each fined 185 million naira, the Nigerian Communications Commission (NCC) said in a statement.

The NCC will charge each company 2.5 million naira for every day the fine is not paid after March 7, it said. The month-long ban on selling SIM cards in a country of around 170 million people could be the most damaging.

The penalties were imposed because the operators had failed to meet key performance indicators in January, the NCC said.

(Reporting by Camillus Eboh; Writing by Joe Brock; Editing by Greg Mahlich)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

Adani Project

Adani Project

Australia approves Adani's $16 bln Carmichael coal project  Full Article 

India-U.S. Talks

India-U.S. Talks

Kerry to woo Modi's India, but quick progress unlikely  Full Article 

Paring Debt

Paring Debt

Jaiprakash to sell hydro plants to Reliance Power  Full Article 

Nifty Falls

Nifty Falls

The broader index hits lowest in nearly a week on profit taking  Full Article 

Mideast Conflict

Mideast Conflict

U.N. Security Council calls for humanitarian ceasefire in Gaza  Full Article 

Market Eye

Market Eye

Foreign investors prefer Indian cyclicals, utilities - Macquarie  Full Article 

Debt Investment

Debt Investment

India's FII debt limit hike credit-positive, says Moody's  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage