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NCC Suspends MTN's N1.4Trillion Fine Until Negotiations Are Complete - Phones (3) - Nairaland

Nairaland Forum / Science/Technology / Phones / NCC Suspends MTN's N1.4Trillion Fine Until Negotiations Are Complete (11360 Views)

NCC Suspends Data Price Increase / Why We Reduced Mtn’s N1.04trn Fine – NCC / MTN CEO Resigned Over N1.4trillion Fine. (2) (3) (4)

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Re: NCC Suspends MTN's N1.4Trillion Fine Until Negotiations Are Complete by Raphoeworld: 11:19pm On Nov 16, 2015
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Re: NCC Suspends MTN's N1.4Trillion Fine Until Negotiations Are Complete by 14(m): 2:29am On Nov 17, 2015
Apparently MTN has $1.2billion hard cash in the bank. So if the NCC insists on $5.2bn payment in full. MTN has to go to borrow $4bn in the banks, that means mtn might spend the next 4yrs without making any profit. So which decision woulb be bettet,

1. Not to pay, pack and go, but loose 37% of revanue, and still make 63% globally and still got $5.2bn

2. Or aggree to pay $5.2bn, but borrow $4bn from banks and spend 4 to 5yrs without making any profit globally.

MTN will choose the best option available to them that will benefit their shareholders. This is business afterall, sometimes you have to take not so popular decision. But after the dust has settled, masses will suffer.

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Re: NCC Suspends MTN's N1.4Trillion Fine Until Negotiations Are Complete by sammychimex(m): 8:42am On Nov 17, 2015
I have always been saying it that fine is unrealistic. U dnt expect mtn that amount it's too much. Those oil companies that
Re: NCC Suspends MTN's N1.4Trillion Fine Until Negotiations Are Complete by sammychimex(m): 8:50am On Nov 17, 2015
I have always been saying it that fine is unrealistic. U dnt expect mtn that amount it's too much. They should reduce it very well. If I were mtn I will even leave the country or shut down operations temporarily

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