Some days ago, Glo subscribers were complaining of the inability to call MTN network and this is due to the partial ban from MTN because of the huge debt of N4.4 billion interconnect fee.
This affected over 46.5 million Glo subscribers, which lasted for more than 5 days. The both companies lose a lot of revenue which made the stakeholders to intervene in the issue.
Sources revealed that calls from Glo to MTN network was successful as from Wednesday, unlike on Tuesday when they had difficulty in reaching their friends and families using MTN network.
Meanwhile, MTN acted on approval by the NCC before the disconnection because last year, interconnect debt in the industry stood at 165 billion naira and that’s what made NCC gave approval to any mobile network operators to disconnect other operators over rising interconnect debts and failure of the operator to pay.
Moreover, interconnect debt is the price that telecoms pay each other for calls terminating on their networks and the rate is fixed at N3.90 for 2G/3G/4G operators, N4.70 for LTE operators as reviewed by NCC and stakeholders in 2018.
Nevertheless, sources revealed that Glo had only paid 500 million naira out of its total indebtedness to MTN despite the pleas, meetings and payment deadlines for Glo to pay up.