MTN Group is considering abandoning the acquisition of Nigerian Internet provider Visafone Communications after the country’s industry regulator ruled that broadband spectrum shouldn’t be included in the deal, according to two
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Nigerian telecommunications operator Etisalat is taking rival MTN to court over the latter’s plan to use acquisition target Visafone’s spectrum in the 800MHz band, it has been reported. Nigeria’s Daily Post reported at the weekend that Etisalat has instituted legal action
South Africa’s MTN Group has won an early victory in its legal battle with Nigerian authorities, securing the right to transfer money out of the West African nation after the federal government sought to freeze its accounts. This Day newspaper reported that Justice
Far from pulling out of Nigeria over the record-setting US$3,9bn fine imposed on it by regulatory authorities in the West African nation, MTN has reportedly gone ahead with the acquisition of
The long-running saga of Multi-Links, Telkom’s disastrous Nigerian investment, may finally be drawing to a close. The JSE-listed fixed-line operator has signed an agreement to sell Multi-Links to an affiliate company of Helios Towers
Telkom has run into fresh trouble in attempts to sell the wireless arm of its troubled Nigerian subsidiary, Multi-Links, to that country’s Visafone. On Tuesday, a Nigerian high court found in favour of Helios Towers in a dispute over the validity of a site lease
Telkom may not sell the wireless arm of its troubled Nigerian subsidiary Multi-Links to rival operator Visafone, private equity group Helios reiterated at the weekend. But Telkom has come out firing, saying Helios has misinterpreted a Nigerian high court
The sale by Telkom of part of its troubled Nigerian unit Multi-Links to Visafone has hit a hurdle following the news that independent tower operator Helios Towers and SA’s Shanduka Group are suing for more than US$250m
SA fixed-line operator Telkom has finally dumped the troubled wireless segment of its Nigerian telecommunications provider Multi-Links. Visafone Communications will buy Multi-Links’s code division multiple access
Nigeria has emerged as the shining star in MTN’s latest set of results, overtaking SA as the largest contributor to the company’s revenue in the six months to June. At the same time, the operations in Nigeria, which were considered by many investors