MTN Nigeria has suffered huge losses as a result of the nationwide picketing of its offices by the Nigerian Labour Congress (NLC) leading to a complete shutdown of its head office in Falomo, Ikoyi, Lagos and its regional offices nationwide.

THISDAY’s investigation revealed that the offices were under lock since Monday, forcing the staff of the telecoms company to render only skeletal services from their homes.

Although the continuous lock of its offices is causing the telecoms company huge financial losses, which is also affecting all MTN partners that manage MTN Connect Stores across the country, the company, however, said yesterday, that it was still calculating its losses.

Corporate Relations Executive at MTN, Mr. Tobechukwu Okigbo, told THISDAY that the company was more concerned about the impact of the continued closure of its offices nationwide on the economy, rather than counting the financial losses.

A collapse of the telecommunications grid is likely, if these attacks on MTN and other telecom facilities are not abated, the commission had said in a statement.

NCC had also stressed that the telecoms infrastructure remained classified as critical national infrastructure under the Cyber Security Act domiciled with the ONSA.

•Excerpted from ThisDay report