Telecom giant MTN offers $1.5 billion to settle record fine

Telecom giant MTN has offered to pay 300 billion naira ($1.5 billion) to settle a record fine levelled by Nigeria for failing to disconnect unregistered subscribers, according to a letter from the company's lawyer released on Thursday. Africa's biggest wireless operator was fined $3.9 billion in October after failing to disconnect 5.1 million subscribers amid concerns the lines were being used by Boko Haram insurgents. The offer is in the "shared interest in the development of the country's tele