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MTN HIRES EX US ATTORNEY GENERAL ERIC HODER

MTN Group has hired a former United States Attorney –General, Eric
Holder, to help challenge a $3.9 billion fine imposed by Nigerian
Communications Commission (NCC) for failing to disconnect
unregistered users.
Citing people familiar with the situation, the Financial Times reported
on Wednesday that Holder pleaded with Nigerian officials last month
on behalf of MTN.
Africa’s largest mobile phone company was handed a $5.2 billion
penalty in October, prompting weeks of lobbying that led to a 25
percent reduction to $3.9 billion, Reuters reported.
MTN, however, was still not prepared to pay the fine and launched a
court challenge in December, saying the NCC had no legal grounds to
order the penalty.
A judge in Lagos had last month gave MTN until March 18 to reach a
settlement on the fine, which equates to more than twice MTN’s
annual average capital spending over the past five year

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