MTN Nigeria fined $5.2 billion for failing to disconnect 5.1 million unregistered cell users

October 26, 2015 3:18 PM

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LAGOS, Nigeria – MTN Nigeria has been fined $5.2 billion for failing to disconnect 5.1 million unregistered cellphone subscribers.

The stock of the South African-based company fell 14 percent on the Johannesburg Stock Exchange on Monday's news.

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