MTN Said in Advanced Talks About Reducing $5.2 Billion Fine

Updated on
  • MTN is close to an agreement on the fine by Nigerian regulator
  • Chairman Nhleko to lead the talks after CEO Dabengwa resigned

MTN Group Ltd. is in advanced negotiations about reducing a record $5.2 billion penalty imposed by Nigerian regulators on Africa’s largest wireless operator, according to people familiar with the matter. The shares reversed earlier losses.

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