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Tech Gist

MTN Acquires VisaFone After Months Of Negotiation.

Despite the $5.2 billion  fine by NCC, MTN has finally acquired Visafone, the only surviving Code Division Multiple Access (CDMA) operator in Nigeria after months of negotiation.
MTN-Nigeria
 
According to reports, the transaction had been concluded, but no actual amount has been disclosed.  However, the source said,

 “It’s certainly a multimillion naira deal because Visafone was the largest CDMA operator in the country. 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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8 comments on “MTN Acquires VisaFone After Months Of Negotiation.

  1. Presh Onyee says:

    I wouldn’t say its a great deal yet…lets see the aftermath of the acquisition first.

  2. KyLe West says:

    Cdma’s network is only 3.1mbs or is it Ev-Do? Hmmmmm

  3. FELIX says:

    “Woa”….#speechless

  4. Michael Effiong says:

    Let’s see what they have to offer.

  5. Joshua says:

    patiently waiting # team simple server

  6. Onotu Paul says:

    I think this is good news for visa phone subscribers

  7. KingAbsolute says:

    MTN is not laughing

  8. showiz says:

    as long as 4G comes to nigeria

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