According to a report via nigeriacommunicationsweek.com.ng, telecommunications companies – MTN and Orange in Cameroon – have taken a USD $160 Million blow.
The report revealed that each company had allegedly been fined for failing to pay tax on games and gambling services.
According to the report, a wide-reaching probe into the sector led to fines totalling $283 million, and found other companies, including Camtel and Viettel, were also in violation of regulations.
The amount paid by each company was not clear, according to the report, and the companies were not immediately available for comment.
In a report written by the anti-corruption commission, known as CONAC, MTN and Orange were also accused of allegedly not paying taxes on their money transfer system, known as Mobile Money.
This is another blow for MTN as the company is still currently contesting the USD $5.2 billion fine, which according to Ferdi Moolman, Chief Executive of MTN Nigeria. could “fold the network.”
According to a report via Mobile World Live, MTN Nigeria reportedly stated that it will not pay “a dime or penny” of the $3.9 billion fine imposed by the Nigerian Communications Commission (NCC), revealing it could exit the market over the issue.
Update: MTN Cameroon has released an official statement regarding the CONAC report, which can be found here.
Staff Writer
