Four Charts That Show Why MTN's Nigerian Fine Matters So Much
- Avior's Lerche sees penalty being settled at $1 billion
- MTN is the market leader in Nigeria's mobile-phone market
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MTN Group Ltd.’s biggest market is now its worst headache.
Nigeria’s telecommunications regulator last week slapped the mobile-phone operator with a $5.2 billion fine, wiping almost 20 percent off its market value over the space of four days. There is a lot at stake for Africa’s largest mobile-phone operator and the government of the continent’s top economy as the following charts, converted to dollars as of Friday’s exchange rates, show.