NCC restores regulatory services to Globacom after paying N154B debt

Mike Adenuga

Mike Adenuga, Chairman, Globacom

The Nigerian Communication Commission (NCC) said it has restored regulatory services to Globacom Limited, a telecommunications company after it cleared its outstanding debt of N154 billion.

This was made known in a statement signed by the Director, Public Affairs at NCC, Mr Reuben Muoka.

It said that the Telco had obligations to the Commission for unpaid Spectrum Fees, Numbering Fees and Annual Operating Levy (AOL).

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According to the statement, the Commission has also stepped down planned enforcement action against Globacom over its breach of extant regulations by failing to pay its debts in spite of several demand notices.

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

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

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