Johannesburg - Africa's cellular giant, MTN, confirmed it was in talks with the Rwandan authorities on how it would pay the R111 million fine for non-compliance.
On Tuesday, MTN confirmed that it had accepted the decision of the Rwanda Utilities Regulatory Authority to impose a fine of $8.5 million for non-compliance relating to MTN Rwanda’s involvement in the MTN IT Shared Services Hub based in Uganda.
“We have taken the necessary steps to address the regulator’s non-compliance concerns of the year 2014. We are currently in discussions with the regulator to agree on the terms of settling the fine,” said MTN Rwanda chief executive, Bart Hofker.
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MTN landed itself in hot water for failing to comply with a directive precluding it from including its operation in that country into the IT hub it runs in Uganda. The company was fined $5.2 billion in Nigeria for failing to disconnect unregistered SIM- cards.
BUSINESS REPORT ONLINE