MTN threatens to increase Tariff as licence to Expire in 2016,

MTN Nigeria has threatened to hike its tariff if Nigeria’s government made its licence conditions more stringent as its licence will expire in 2016. Andrew Bing, chief financial officer of MTN Nigeria told Bloomberg that

“Tougher rules, tougher regulations, greater demands ultimately will impact price, the more you charge up front or the more you demand over a period of time. Well, somebody has to pay for it. Ultimately, the subscribers are the people who will have to pay.” 

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MTN Nigeria made $2,6B Profit in 2014. NIGERIAN, relief is just one year away for Nigerians. This is a negotiation every Nigerian will be involved in. How can a company make so much and is not required to keep a percentage here? How can a company make so much and is not required to be quoted in our stock market for Nigerians to benefit? This leakage must stop.

How can they justify tarrif increase from their license renewal with this kind of profit? Nigerians are very alert and this will be one negotiation they will be involved in. To qoute Olisa Agbakoba “MTN makes much money in Nigeria than Dangote Group of Companies and all the banks put together. Yet, they have nothing here”

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