The woes of MTN Group increased with the announcement of a fresh $160 million fine on the network over tax evasion.
The latest fine was slammed on MTN by the Cameroonian government which said the telecoms operator failed to pay tax on games and gambling activities on the network.
MTN is not the only network affected by this fine as the government’s corruption board also announced similar fines on other companies including Camtel and Viettel. The fines totalled $283 million.
In the report written by the anti-corruption commission, known as CONAC, MTN and Orange were also accused of not paying taxes on their money transfer system, known as Mobile Money. The report is another blow for MTN, which is already contesting a $3.9 billion fine in Nigeria for failing to disconnect users with unregistered SIM cards.
