Telecom

MTN Receives More Spectrum In Nigeria

MTN has been awarded more broadband spectrum in Nigeria regarding its 2015 acquisition of Visafone Communications, after a lengthy regulatory battle.

The Nigerian Communications Commission (NCC) finally approved the transfer of 800-megahertz spectrum after a public inquiry into the advantage the move would give to MTN’s already market-leading position in Nigeria.

MTN acquired Visafone four years ago from the former CEO of Zenith Bank, Jim Ovia.

According to the President of the Association of Telecommunications Companies of Nigeria, Olusola Teniola, the decision will allow MTN to extend its network reach in Nigeria to more unconnected rural and areas.

Mtn, Africa’s largest mobile operator by sales, has over 67-million active customers in the West African country, and more than half of those subscribers use data services.

Teniola said that any operator that has the amount of spectrum that MTN currently holds is in a perfect position to lead the market.

The positive NCC comes as a welcome boost to MTN, which has long been involved in legal scuffles with the regulator and government in Nigeria.


Credit: This article originated from www.businesslive.co.za

 





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