From a whopping Sum of N7.05bn to N2.3bn, How GLOBACOM Resisted Corporate Bullying by MTN

The raging disagreements between Nigerian owned telecoms giant, GLOBACOM, and the near-monopolistic South African behemoth, MTN, seems to have reached a crescendo.

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.

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. Thus it was bizarre that MTN paid VAT on its behalf when it was already an established fact that GLOBACOM met all its obligations to FIRS.

In view of this painstaking reconciliation, MTN can now go ahead to call up the First Bank payment guarantee dated 17th January 2024. This shall represent the full and final payment.

GLOBACOM insists that MTN should never have been pampered to the extent that it wields the power of life and death over home grown competitors. According to checks on MTN operations elsewhere, this is the same modus operandi that led to several major telecoms companies collapsing and fleeing from Ghana.

Absolutely shocked at how MTN is handling this with Globacom. Bullying in the corporate world is real!

jimiabdul:
From a whopping Sum of N7.05bn to N2.3bn, How GLOBACOM Resisted Corporate Bullying by MTN

The raging disagreements between Nigerian owned telecoms giant, GLOBACOM, and the near-monopolistic South African behemoth, MTN, seems to have reached a crescendo.

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.

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. Thus it was bizarre that MTN paid VAT on its behalf when it was already an established fact that GLOBACOM met all its obligations to FIRS.

In view of this painstaking reconciliation, MTN can now go ahead to call up the First Bank payment guarantee dated 17th January 2024. This shall represent the full and final payment.

GLOBACOM insists that MTN should never have been pampered to the extent that it wields the power of life and death over home grown competitors. According to checks on MTN operations elsewhere, this is the same modus operandi that led to several major telecoms companies collapsing and fleeing from Ghana.

With everything so expensive now, it's disappointing to see MTN go after Glo like this because Glo has always been there for the average Nigerian.

It's tough enough navigating Nigeria's economy, and now we have to worry about losing affordable telecom options because of MTN's actions against Glo.

Just when you think you've seen it all, MTN vs Globacom happens. Unacceptable behavior from MTN.

jimiabdul:
From a whopping Sum of N7.05bn to N2.3bn, How GLOBACOM Resisted Corporate Bullying by MTN

The raging disagreements between Nigerian owned telecoms giant, GLOBACOM, and the near-monopolistic South African behemoth, MTN, seems to have reached a crescendo.

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.

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. Thus it was bizarre that MTN paid VAT on its behalf when it was already an established fact that GLOBACOM met all its obligations to FIRS.

In view of this painstaking reconciliation, MTN can now go ahead to call up the First Bank payment guarantee dated 17th January 2024. This shall represent the full and final payment.

GLOBACOM insists that MTN should never have been pampered to the extent that it wields the power of life and death over home grown competitors. According to checks on MTN operations elsewhere, this is the same modus operandi that led to several major telecoms companies collapsing and fleeing from Ghana.

At a time when Nigerians are struggling financially, MTN's fight against Glo is like kicking us when we're down. Glo has always been for the masses.

Shocked to see how MTN is dealing with Globacom. This is not how you build a healthy industry

In these tough economic times, the last thing we need is corporate giants like MTN making it harder for companies like Glo, who actually support the common Nigerian. #SupportLocal

MTN, your approach towards Globacom is not winning you any fans. Totally disappointed.

Just read about MTN and Globacom. Is this how big corporations behave? #CorporateBullyingI'm appalled by MTN's conduct in this whole Globacom dispute. Not what I expected from such a big company. #MTNGloNCCIssues

I'm appalled by MTN's conduct in this whole Globacom dispute. Not what I expected from such a big company. #MTNGloNCCIssues

Shocked and disappointed with MTN over their handling of Globacom. This is not the way to resolve disputes.

The MTN-Globacom situation is a sad reflection of corporate greed and bullying

Unbelievable! MTN's actions against Globacom are not a good look for them. Disappointing.

Wow, MTN's approach towards Globacom is harsh. Thought they were better than this.

The same MTN that resisted use of telephone by the masses, telling us arrogantly that per second was not possible! They even lied on how much the interconnect fee Glo was owing them was, making it look like Glo didn’t want to pay. Kudos to NCC for insisting on the reconciliation.

Kudos to Globacom for remaining calm in the face of such allegations and doing their due diligence.

MTN sef wan do us wayo. We no go gree!

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