Sources within Nigeria’s telecommunications industry have confirmed Globacom Nigeria has payed MTN Nigeria N2.6bn as part payment of its interconnect debt.

It was gathered that the industry regulator, Nigerian Communications Commission, NCC, had brokered into the debt crisis, which led to a 7 daya disconnection of calls from Glo to MTN subscribers.

The source also said discussions were ongoing to devise a means of recovering the rest of the interconnect debt from Globacom.

It is estimated that Globacom owes roughly N4.4bn to MTN Nigeria which had accrued over the years by calls originating from Globacom subscribers and terminating on MTN network.

Feelers within the industry are also questioning the timing of MTN’s effort to recover its debt from Globacom. We observers believe it might not be unconnected to the recent disturbances by some sections of Nigerian students who had protested the killings of Nigeria in South Africa by protesting at some MTN offices across the country.

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