Even though it is still at loggerheads with the telecoms regulator, Nigeria’s largest telecoms company MTN Nigeria has reportedly completed the acquisition of Visafone which is the only surviving CDMA company in the country, according to media report.
Daily Trust said the South African company has finally sealed the deal to acquire Visafone, the only surviving Code Division Multiple Access (CDMA) operator in Nigeria, owned by the banking magnate, Mr. Jim Ovia. It said the acquisition of Visafone, the only surviving CDMA operator in Nigeria, by MTN, a GSM operator, marks the final death of CDMA operations in Africa’s largest economy.
But MTN is yet to make official announcement of the acquisition andsources said contrary to the initial report about the deal that MTN is not taking along the purchase of the CDMA company with its liabilities, sources said the telecoms giant has acquired the staggering Visafone with all its properties, including its spectrum and liabilities.
