MTN Said in Advanced Talks About Reducing $5.2 Billion FineBy
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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