Africa’s largest telecoms company, MTN has acquired Nigeria’s leading CDMA operator for an undisclosed fee after months of negotiations, a Thisday report claims.
According to a source, the acquisition is expected to provide MTN with Visafone’s robust voice and data capabilities, while helping to cater for Nigeria’s growing internet population in the country.
The source who could not specify the amount involved in the deal said: “It’s certainly a multimillion naira deal because Visafone was the largest CDMA operator in the country.”
Adding that, “The acquisition is expected to ensure high quality data services and improve mobile broadband experience for subscribers of Visafone and MTN.
“The merger is also expected to provide the much-needed relief to the booming internet economy by making available quality mobile broadband services adopting the state of the art 4G LTE technologies during the year.”
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