MTN Nigeria has released a statement after it agreed to settle the fine with the Nigerian Communications Commission (NCC) over failing to disconnect unregistered sim cards.
It will pay $1.67bn over three years.
Echoing the title of a collection of books by Lemony Snicket MTN Nigeria said:
MTN Nigeria once again offers its most sincere apologies for the series of unfortunate events that led to the imposition of the fine.
It was of critical importance to reach a solution that would be of universal benefit to all stakeholders given the importance of the ICT industry in Nigeria and its tremendous impact on socio-economic growth. Along with the authorities, we believe that has been achieved.”