Telecommunications giant MTN has agreed to pay its fine of $1.7 billion(N330bn) to the federal government of Nigeria. The South African company revealed this om Thursday in a statement where it admitted its failure to disconnect unregistered mobile phone users. MTN said it will pay the fine in a "full and final settlement". "MTN Nigeria has agreed to pay a total cash amount of Naira 330 billion over three years." MTN was fined $3.9 billion last year and has since been in negotiations with the government.