The MTN group has concluded the acquisition of Visafone Communications Limited, a Nigerian mobile phone company, Technology Times reports. The South African group has received the final approval of the federal government, paving the way for MTN's purchase of Visafone's CDMA network.
Regulatory approvals are required for the transfer of shareholdings, frequency spectrum and other licences granted by government.
The Nigerian Communications Commission (NCC) approved the deal in the last quarter of 2015. The acquisition is expected to increase deployment of broadband services across the country. Over two million existing Visafone subscribers will be migrated onto the MTN Nigeria network, a development that will now enable them use their voice and data services.
Top 5 Craziest Party Hotspots In The World
7 Best Travel Destinations For Seniors & Retirees In 2021
6 Most Adventurous Things to Do In Michigan
Russia marks 76 years since World War II - end of the siege of Leningrad
Do Spy Cams at The Workplace Really Work for Business Success?
Mistakes that New Entrepreneurs Make
3 Fintech Companies That Are Helping Nigerians Have a Better Savings Habit.