Glo, MTN resolve debt issues

Date:

February 9, 2024

Thank you for reading this post, don't forget to subscribe!

Azonuchechi Chukwu.

The Nigerian Communications Commission disclosed on Thursday in a statement, that the interconnect debt dispute between MTN Nigeria Communications Plc and Globacom Limited has been resolved.

Announcing the resolution of the debt debacle by the two operators, NCC in a statement signed by its Director of Public Affairs, Reuben Muoka, said:

“The Nigerian Communications Commission (NCC) is pleased to announce that the interconnect debt dispute between MTN Nigeria Communications Plc. (MTN) and Globacom Limited (Globacom) has been amicably resolved.

“Following this resolution, the disconnection approval granted to MTN for the disconnection of Globacom has now been withdrawn. Following its initial Public Notice, the Commission to mitigate any potential disruptions to subscribers undertook further regulatory intervention, by mediating between the parties and facilitating the reconciliation process.

“The Commission reiterates that strict adherence to the terms and conditions of licenses, particularly those delineated in interconnection agreements, is imperative for all Mobile Network Operators (MNOs) and other licensees within the telecommunications industry.

“To proactively address and prevent future instances of interconnect indebtedness within the industry, the Commission will be requesting relevant records and regular updates from MNOs, as well as adopting a transparent approach towards industry indebtedness. This statement serves as a reminder of the Commission’s commitment to fostering a stable and compliant telecommunications ecosystem in Nigeria.”(www.naija247news.com).

Azonuchechi Chukwu
Azonuchechi Chukwuhttps://gravatar.com/azonuchechivchukwu
Azonuchechi Chukwu - Business Journalist at Naija247news.com Azonuchechi Chukwu is a seasoned business journalist contributing to the insightful coverage of economic and financial news at Naija247news.com. With a passion for unraveling the complexities of the business world, Azonuchechi brings a wealth of expertise and dedication to his role. As a Business Journalist, Azonuchechi specializes in providing comprehensive analyses of market trends, corporate developments, and economic indicators. His in-depth reports offer Naija247news.com readers a nuanced understanding of the forces shaping the Nigerian and global business landscapes. Azonuchechi Chukwu's commitment to journalistic excellence is evident in his ability to translate complex financial information into accessible and engaging narratives. Whether exploring stock market fluctuations, corporate strategies, or economic policies, he strives to deliver content that empowers readers with valuable insights. With an educational background in business and a keen interest in the intersection of finance and technology, Azonuchechi stays at the forefront of industry dynamics. His coverage extends beyond traditional financial reporting, encompassing the dynamic realms of fintech, entrepreneurship, and sustainable business practices. Azonuchechi Chukwu's work goes beyond the surface, aiming to foster financial literacy and awareness among Naija247news.com's audience. By demystifying economic complexities and shedding light on emerging opportunities, he plays a pivotal role in keeping readers well-informed in the fast-paced world of business. As Naija247news.com's Business Journalist, Azonuchechi Chukwu continues to make meaningful contributions to the platform's mission of delivering timely, accurate, and relevant business news to its diverse audience. His dedication to journalistic integrity and his ability to navigate the intricacies of the business realm make him an invaluable asset to the Naija247news.com team.

Share post:

Subscribe

Popular

More like this
Related

Navy Apprehends 2 suspected fuel smugglers, seizes 5,100 litres of petrol

February 25, 2024. Azonuchechi Chukwu. The Nigerian Navy, Forward Operation Base,...

NDLEA nabs grandpa, vigilance commander, others for dealing in illicit drugs

February 25, 2024. Azonuchechi Chukwu. The National Drug Law Enforcement Agency...

Troops Eliminate Bandit Warlords, Baldo, Baban Yara in ‘Deadly Operation’

February 25, 2024. Azonuchechi Chukwu. Two wanted armed bandits' leaders, Baldo...

Obasanjo: Over 80% Of Nigeria’s Crude Oil Is Stolen

Feb 25,2024. Former President Olusegun Obasanjo stated that one of...
WP to LinkedIn Auto Publish Powered By : XYZScripts.com