Browsing: MTN

According to impeccable industry sources, MTN had tried to intimidate and blackmail GLOBACOM on its own soil but the telecoms company stood its ground by challenging MTN to prove whatever case it had instead of engaging in cheap blackmail. It turned out to be a fight worth fighting. From experience, GLOBACOM was used to being harassed by those who failed to realise that its promoters built its business conglomerates in an organic fashion and never through the surreptitious processes. 

While MTN had slammed a whopping sum of over N7.05 billion on Globabom, covering interconnect charges of N1.6 billion (which was already paid before the controversial publication), VAT of N1.7 billion allegedly paid on behalf of GLOBACOM and a compounded interest of N3.6 billion, which Globacom considered preposterous since it is the absolute prerogative of companies to pay its own interests and never through proxies.