Nigerian Communications Commission has imposed N647.5 million (about $4 million) in penalties on Nigerian telecommunications companies MTN, Globacom and Airtel. According to the NCC, they breached key performance indicators and provided poor-quality services to customers.
Furthermore, the NCC has banned the aforementioned mobile operators from selling SIM cards in March, which, in the country with almost 170 million people, could be damaging for the companies' business.
In their statement, the NCC said Globacom, owned by Nigerian billionaire Mike Adenuga, was fined 277.5 million naira. South Africa's MTN and Airtel, owned by India's Bharti Airtel, were each fined 185 million naira.
The NCC will charge each company 2.5 million naira for every day the fine is not paid after March 7, the statement added.
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