MTN Nigeria Communications Plc. (MTN) and Globacom Limited (Globacom) have resolved the interconnect debt dispute that has threatened their business relationship.
The Nigerian Communications Commission (NCC) in a statement by Reuben Muoka, its Public Affairs Director noted that given the resolution, the disconnection approval granted to MTN for the disconnection of Globacom has now been withdrawn.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.
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