• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

MTN receives N2.6 billion interconnection debt from GLO

Fakoyejo Olalekan by Fakoyejo Olalekan
August 2, 2019
in Business News, Company News
Glo pays N2.6 billion interconnection debt to MTN, MTN Nigeria data, Glo tariff

MTN Nigeria vs Glo

Share on FacebookShare on TwitterShare on Linkedin

Globacom has paid the interconnection debt it owed MTN Nigeria after its network was disconnected for five days. The disconnection affected about 46.6 million subscribers of both network providers.

Prior to the disconnection, the debt burden and the accrued interest had risen to N4.4 billion, out of which Globacom only paid the sum of N500 million.

[READ MORE: MTN loses 178,000 internet subscribers over ‘data concerns’]

RelatedStories

Access Bank

Inside Access Bank’s N180 billion claims against MTN 

June 13, 2025
MTN Group, Airtel Africa sign agreements to share network infrastructure in Nigeria and Uganda 

Data boom: Airtel and MTN set for profit surge in 2025 

June 9, 2025

According to a recent report, Globacom has now made a payment of N2.6 billion. Before this, it was revealed that both parties were drafting the modalities of the payment. Consequent upon this, the Nigerian Communications Commission (NCC) has urged debtor operators to pay up their debts to avoid disconnection of services by competitors.

Nigeria has one of the cheapest mobile data prices in Africa
Glo pays N2.6 billion interconnection debt to MTN

[READ ALSO: N330 billion Fine: MTN in fresh mess after FIRS queries tax deduction]

While defending the approval it gave MTN to disconnect incoming calls from Glo subscribers, NCC’s Executive Vice Chairman, Umar Danbatta, stated that the decision was the last resort. This means that other methods had been employed in an attempt to recover the debt from Globacom but nothing came out of it.

“Though the Commission granted approval to the MTN’s request to disconnect debtor networks from its network in line with Section 100 of the Nigerian Communications Act (NCA) 2003, the Guidelines on Procedure for Granting Approval to Disconnect Telecommunications Operators, 2012 and other regulatory instruments, what is happening now is that the creditor networks are restricting certain services to their debtor networks in form of one-way disconnection.

“It is one-way disconnection because, as a regulator, we prevented total disconnection; not doing that would be frustrating for the consumers. So, we have ensured that subscribers on the affected debtor networks are able to receive calls and text messages from creditor networks. This means they might not be able to make seamless calls or send text messages to the creditor’s network at all times because of restriction of access to debtor networks, pending when satisfactory payment plans are reached with respect to the interconnect indebtedness. This is to prevent further accumulation of interconnect debt by the debtor networks.”

NCC expressed displeasure over the disconnection, stating that customers of network providers deserve uninterrupted service paid for, warning debtors not to default in the payment of interconnection fee as it could cause them loss of subscribers and revenue.

[READ FURTHER: Alert: Nigeria ranks 114th in 2019 Global Innovation Ranking]


Follow us for Breaking News and Market Intelligence.
Tags: Glo pays N2.6 billion interconnection debt to MTNGlobacomMTN Nigeria
Fakoyejo Olalekan

Fakoyejo Olalekan

Olalekan is a certified media practitioner from the Nigerian Institute of Journalism (NIJ). In the era of media convergence, Olalekan is a valuable asset, with ability to curate and broadcast news. His zeal to write was developed out of passion to shape people’s thought and opinion; serving as a guideline for their daily lives. Contact for tips: fakoyejo.olalekan@nairametrics.com.

Related Posts

Access Bank
Financial Services

Inside Access Bank’s N180 billion claims against MTN 

June 13, 2025
MTN Group, Airtel Africa sign agreements to share network infrastructure in Nigeria and Uganda 
Financial Analysis

Data boom: Airtel and MTN set for profit surge in 2025 

June 9, 2025
companies
Equities

SWOOTs: Nigeria’s trillion-naira stocks that have gained over 20% this year

May 23, 2025
MTN
Exclusives

Interconnect Judgment Debt: MTN Nigeria sues banks to recover N6bn from SleekChip Technologies 

May 20, 2025
Abia State government signs MoU with MTN Nigeria for digital transformation 
Corporate deals

Abia State government signs MoU with MTN Nigeria for digital transformation 

May 14, 2025
CSCS earns N7.284 billion from transaction and depository fees in 2023
Companies

CSCS partners with MTN to launch USSD code *7270# for easy market access, reveals other functions 

May 6, 2025
Next Post
NSE Nigerian stocks, UBA, Zenith, First Bank lead actively traded stocks on Tuesday , Courteville, Jaiz Bank, Transcorp lead gainers on Friday 

NSE closes this week trading in negative territory

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • EFCC arraigns SunTrust Bank MD, Executive Director over alleged $12 million money laundering 
  • Cornerstone Insurance declares 27 kobo final dividend, reveals payment date and criteria 
  • Oil Subsidy Fraud: EFCC declares Fargo Petroleum MD wanted over alleged N976 million scam 

Follow us on social media:

Recent News

EFCC: Achimugu’s case unrelated to Atiku, Sanwo-Olu, agency says

EFCC arraigns SunTrust Bank MD, Executive Director over alleged $12 million money laundering 

June 13, 2025

Cornerstone Insurance declares 27 kobo final dividend, reveals payment date and criteria 

June 13, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics