In spite of regulatory interventions put in place by the Nigerian Communications Commission (NCC) to curb indebtedness in the telecoms sector, reports have emerged that the sector’s interconnect debts have risen to over $124 million.
Speaking at a stakeholders’ forum in Lagos recently, Abimbola Akeredolu, partner at Lagos-based law firm Banwo & Ighodalo said the large debts volume was linked to sharp difference in revenue sharing ratios between mobile operators, Code Division Multiple Access (CDMA) and other landline networks.
This development, according to Akeredolu has led to unrest with some operators threathening to cut-off debtor networks after mediation and arbitration avenues were fully explored.
Last year, the NCC introduced new guidelines for disconnecting telecoms operators that defaulted in meeting their interconnect payment obligations as part of new measures to ensure sustainable growth in Nigeria’s telecoms sector.
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