Connect with us


NCC Restores Regulatory Services to Globacom after Paying N154BN Debt



NCC Restores Regulatory Services to Globacom after Paying N154BN Debt

The Nigerian Communication Commission (NCC) has restored regulatory services to one of its licensees, Globacom Limited, after it successfully cleared its outstanding debt obligations to the commission.

According to a statement signed by Reuben Muoka, NCC’s Director of Public Affairs, Globacom’s debt included unpaid Spectrum Fees, Numbering Fees and Annual Operating Levy (AOL).

The statement read: “The Commission has also stepped down planned enforcement action against Globacom over its breach of extant regulations by failing to pay its debts despite several demand notices.”

The Commission had temporarily withdrawn the suspension of regulatory services to Globacom in a letter dated May 22, 2023, titled “Re: Continuous Breach of Commission’s Laws and Regulations.”

The suspension of regulatory services to Globacom was automatically reinstated after it failed to meet the conditions for the earlier withdrawal.

It was earlier gathered that Adenuga, founder and owner of Globacom Limited, one of the biggest telecommunication companies in Nigeria, has paid N154 billion to the Nigerian government being part of N200 billion the indigenous Telco reported owed the government.

Globalcom currently controls 27.86% GSM market in Nigeria with some 61.4 million active subscribers which include 43.97 million internet users.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You have not selected any currencies to display