Etisalat sues MTN over Visafone acquisition

Telecommunication company, Etisalat Nigeria has sued MTN Nigeria and Visafone Ltd, challenging MTN’s use of the 800megahertz (MHZ) spectrum following the acquisition of Visafone. MTN closed the deal acquiring Visafone in January this year.

A statement released by Etisalat says the suit was filed in order to prevent the use of the spectrum by MTN at this time, as it will entrench the dominance of MTN in the retail data services market.

The statement released by Etisalat's Head of Media, Chineze Amanfo reads in part; 

"You will recall that MTN Nigeria was declared dominant by the Nigerian Communications Commission (NCC) in 2013 and remains dominant in the wholesale leased line and retail voice markets. The use of the 800MHz spectrum to deploy broadband services ahead of its competitors, particularly those who prior to MTNs purchase of Visafone, held similar spectrum bands as MTN, will further entrench MTN’s dominance in the Nigerian telecommunications sector”.

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Wait, say what? MTN reportedly agrees to pay N1.04 trillion fine

Telecommunication company, MTN, has reportedly agreed to pay the N1.04 trillion fine slammed on it by the Nigerian Communications Commission NCC for flouting the regulatory body's directive on SIM deactivation. MTN is reportedly pleading for a staggered payment plan to pay-up the fine.

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South Africa's stock exchange suspends MTN stocks

The South African Stock Exchange has suspended trading in the shares of telecoms firm, MTN. A senior official at the exchange's surveillance department, Peter Redman said the suspension took effect from this morning. "Yes, trading in MTN shares has been suspended and the information was broadcast across the trading platform"

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