MTN Acquires Visafone
South Africa’s MTN Group, a telecommunications firm, has reportedly completed the process of acquiring Nigerian CDMA network operator Visafone.
The acquisition of Visafone, marks the final death of CDMA operations in Africa’s largest economy.
Though, MTN is yet to make official announcement of the acquisition, inside sources confirmed the development to Daily Trust.
Contrary to the initial report about the deal that MTN is not taking along the purchase of the CDMA company with its liabilities, sources stated the telecoms giant has acquired the struggling Visafone with all its properties, including its spectrum and liabilities.