An amicable resolution has been reached to the interconnect debt dispute between MTN Nigeria Communications Plc. (MTN) and Globacom Limited (Globacom).

The Nigerian Communications Commission (NCC) made this pronouncement on Thursday.

The NCC’s Director of Public Affairs, Mr. Reuben Muoka, signed a statement stating that this resolution revokes the disconnection authorization that MTN was previously given to disconnect Globacom.

In order to minimise any possible disruptions to subscribers, the Commission made additional regulatory interventions after publishing its original public notice. These interventions included resolving disputes between parties and aiding in the reconciliation process.

“Strong compliance with licence terms and conditions, especially those outlined in interconnection agreements, is essential for all Mobile Network Operators (MNOs) and other licensees within the telecommunications industry,” the Commission restates.

The Commission will be asking MNOs for pertinent documents and frequent updates in order to proactively address and prevent future cases of interconnect indebtedness within the industry. The Commission will also be taking an open approach to industry indebtedness.

The Commission’s dedication to promoting a stable and law-abiding telecoms environment in Nigeria is reaffirmed by this statement.