The Nigerian Communications Commission (NCC) says the interconnect debt dispute between MTN Nigeria Communications Plc (MTN) and Globacom Limited (Globacom) has been amicably resolved.
The Director of Public Affairs, NCC, Reuben Muoka disclosed this in a statement on Thursday.
Following this resolution, the disconnection approval granted to MTN for the disconnection of Globacom has now been withdrawn.
Following its initial public notice, the Commission, to mitigate any potential disruptions to subscribers, undertook further regulatory intervention by mediating between the parties and facilitating the reconciliation process.
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The Commission reiterated that strict adherence to the terms and conditions of licenses, particularly those delineated in interconnection agreements, is imperative for all Mobile Network Operators (MNOs) and other licensees within the telecommunications industry.
According to the NCC, to proactively address and prevent future instances of interconnect indebtedness within the industry, the Commission will be requesting relevant records and regular updates from Mobile Network Operators, as well as adopting a transparent approach towards industry indebtedness.
The Commission said that the statement serves as a reminder of its commitment to fostering a stable and compliant telecommunications ecosystem in Nigeria.
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