Having paid N80 billion in December,
the current payment brings the amount paid out of the fine to N110 billion.
The fine is due for payment in six
instalments over three years, MTN.
MTN Nigeria was originally fined
$5.2 billion last October for failing to deactivate more than five million
unregistered SIM cards, but the fine was reduced in a settlement that paved the
way for MTN to list its subsidiary on the Nigerian Stock Exchange.
MTN, which operates in 20 countries,
had set aside $600 million last year to pay the fine.
Two months after making the first
payment from the fine, MTN Group declared its first full-year loss, blaming it
on the fine.
Negotiations on payment of the fine
lasted eight months, which saw both parties going in and out of the courts.
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