The Nigerian Communications Commission (NCC) has finally approved the transfer of Visafone’s 800MHz spectrum licence to MTN Nigeria, following a public inquiry into the transaction, reports Bloomberg.
In April 2015 MTN Group announced it was acquiring CDMA operator Visafone for ZAR3.4 billion (USD243 million) and the transaction was completed the following December.
In September 2016, however, the NCC questioned whether Visafone’s 800MHz spectrum licence should be included in MTN’s takeover, as it would increase the market leader’s dominance. Shortly after, the regulator approved the transfer of 100% of Visafone’s shares and subscriber base to MTN, although an application to transfer its spectrum licence to the market leader was pending and a public inquiry into the matter was opened last year.
MTN is expected to use the frequencies to expand its 4G LTEservices across the country.