May 17, 2017 / 10:31 AM / in 2 months

BRIEF-MTN says MTN Rwanda gets fine notification Rwanda authority

1 Min Read

May 17 (Reuters) - MTN Group Ltd:

* MTN acknowledges receipt of fine notification from Rwanda utilities regulatory authority

* MTN Rwanda has received official notification of a fine equivalent to us$ 8,5 million from rwanda utilities regulatory authority (RURA)

* Fine relates to non-compliance with directives issued by regulator prohibiting inclusion of mtn rwanda in MTN South and East Africa (sea) it hub based in Uganda

* MTN rwanda is currently studying official notification and will continue to engage with regulator on this matter

* MTN has been engaging with regulator on this matter over past four months. Further company coverage: (Bengaluru Newsroom: +91 80 6749 1136)

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