Nigeria Reveals Purported Offer to Settle Huge Telecoms Fine

March 11, 2016 12:15 PM

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A Senate committee in Nigeria has released a document that purportedly details an offer of $1.5 billion from African telecommunications giant MTN to settle what is reportedly the largest fine in industry history.

South Africa-based MTN did not confirm or deny the settlement offer in a statement Friday. It said talks were continuing and urged shareholders "not to make decisions based on press reports."

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