Browsing: Visafone

MTN may pull plug on $220m Visafone deal

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

MTN faces challenge over Nigeria spectrum

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

MTN wins early victory in Nigeria

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

MTN acquires rival Nigerian operator

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

Telkom finds new buyer for Multi-Links

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 in fresh Multi-Links setback

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’s Nigeria dispute turns ugly

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

Telkom in Nigeria high court battle

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

Telkom rids itself of Multi-Links noose

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 the shining light in MTN’s expanding empire

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