Telecommunication companies, MTN Nigeria and Globacom Limited have resolved their interconnect debt dispute, the Nigerian Communications Commission said on Thursday evening.

Director of Public Affairs at the NCC, Reuben Mouka, stated in a statement that the commission has officially withdrawn the approval for MTN to disconnect Globacom. This action follows the resolution of the dispute between the two telecom operators.

“In order to proactively address and prevent future instances of interconnect indebtedness within the industry, the Commission will be requesting relevant records and regular updates from MNOs, as well as adopting a transparent approach towards industry indebtedness.” he said.

Mouka, in the statement, underscored the significance of adhering strictly to the terms and conditions stipulated in licenses, particularly those outlined in interconnection agreements. This directive applies to all Mobile Network Operators and other licensees within the telecommunications industry.

The statement concluded by reaffirming the NCC’s commitment to fostering a stable and compliant telecommunications ecosystem in Nigeria.