The interconnection debt dispute between MTN Nigeria Communications Plc and Globacom Restricted has been resolved.
The Nigerian Communications Fee disclosed this on Thursday in a press release signed by the Director of Public Affairs, Reuben Muoka.
This improvement between the 2 firms happened inside the 21-day grace interval given by the NCC Glo in January.
Beforehand, 61.54 million cell subscriptions (as of November 2023) on Glo's community have been liable to disconnection from MTN calls.
In January, the NCC introduced that Glo subscribers could also be banned from calling MTN strains for failure to pay interconnection costs.
It said that its directive may come into impact after the expiry of a 10-day discover interval.
The fee later prolonged its discover interval by 21 days after the expiry of the primary.
It was as much as the events to the dispute to achieve an settlement, considering the meant penalties for subscribers.
However within the new assertion, the NCC stated the problem has been resolved.
The assertion learn: “The Nigerian Communications Fee is happy to announce that the debt dispute between MTN Nigeria Communications Plc. and Globacom Restricted has been amicably resolved.
“In accordance with this choice, the disconnection approval granted to MTN for the disconnection of Globacom has now been withdrawn.
“Following its preliminary public discover, with the intention of mitigating any disruptions to subscribers, the fee undertook additional regulatory interventions, mediating between the events and facilitating the reconciliation course of.”
It additional reiterated the fee's strict compliance with the phrases of licenses, particularly these set out in interconnection agreements.
“To proactively deal with and stop future circumstances of interconnection debt inside the business, the committee will request related knowledge and common updates from MNOs, and undertake a clear method to the business's debt burden.
“This assertion serves as a reminder of the Fee's dedication to selling a steady and compliant telecommunications ecosystem in Nigeria,” it added.
