The largest telecommunications in the world MTN has acquired Visafone in order to boost voice data capabilities

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.”