Etisalat Sues MTN For Acquiring Visafone

Necessary jealousy is suddenly taking over our Telco’s. I believe you still remember the saga between MTN and NCC which is yet to be resolve?… Gbam! Etisalat has instituted a legal action against MTN over the acquisition of Visafone’s 800MHz spectrum.

According to a source, Etisalat is aggrieved about the transaction, claiming that the South African firm, which has been a dominant player in Nigeria, is enjoying too much favoritism and that the deal would further give MTN more powers to dominate other players in the industry. Etisalat was also said to be aggrieved that the bid was not made open for other players to participate.
Etisalat’s Public Relations Regulatory and Corporate Affairs Division Officer has confirmed that “The legal action is considered necessary to prevent the use of the Visafone’s 800MHz spectrum by MTN at this time, as it will entrench the dominance of MTN in the retail data services market.”
This is early Monday morning wahala! Lets see where this is going to end…

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