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Tag: ASF

NCC commences accounting separation for telecoms industry

NCC commences accounting separation for telecoms industry

Business
To ensure accountability and transparency in the telecoms sector, the Nigerian Communications Commissions (NCC), has approved the implementation of the Accounting Separation Framework (ASF) in the industry. With the ASF, which became effective from July 15, the Commission hopes to prevent any anti-competitive behaviour, especially among telecoms operators. As it is, the implementation cuts across six licensees: Airtel Nigeria, MTN Nigeria, Emerging Markets Telecommunications Services Limited (9Mobile), Globacom Nigeria, Main One Cable Company Limited, and IHS Nigeria. The NCC Director of Public Affairs, Dr. Ikechukwu Adinde, in a statement, yesterday, said the “Determination on the Implementation of an Accounting Separation Framework for the Nigerian Telecoms Industry,” was developed vi...