Nigeria
MTN has until March to reach a settlement with authorities in Nigeria over a $3.9 billion fine.
The decision was made by a judge at the Federal High Court in Lagos.
The case has been adjourned until mid-March to allow the disputing parties reach an agreement after the court hearing on Friday morning, MTN said in a statement.
The Nigerian Communication Commission (NCC) fined MTN for failing to disconnect 5.1 million unregistered subscribers.
Africa’s biggest mobile phone operator has been challenging the fine which was lowered from the initial figure of $5.2 billion.
The news boosted the telecoms giant’s shares which rose as much as 9.3 %, the biggest gain since May 2009.
01:47
Environmental Volunteering: Activists gather in Lagos ahead of World Earth Day
00:39
Nigerian chess master plays for 60 hours in bid to set new world record
01:28
Nigeria's crude oil output goes down again in March - OPEC
01:05
A Nigerian chess champion is trying to break the world record for the longest chess marathon
01:09
BNP Paribas faces lawsuit over alleged role in sudanese genocide
01:03
Charges against Trump and Jan. 6 rioters at stake