MTN Group moves to purchase Visafone Nigeria

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Fin24tech reports that MTN Group, Africa‚Äôs biggest mobile phone company operator, “has started the process of buying closely held Visafone Communications of Nigeria, as it seeks to expand in its largest market, according to two people familiar with the matter”.

Visafone is a CDMA wireless network in Nigeria and currently has 2.2 million active subscribers. MTN Nigeria has 59.8 million active subscribers.

Neither MTN nor Visafone has made an official statement about this.

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  1. AskIchthys April 10, 2015
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