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Visafone sold to MTN Nigeria in order to Expand Tele-comm. Market

   This is not horrible neither is it pathetic or vituperative. MTN who seems to gain more name than any other network in Nigeria has suc...


   This is not horrible neither is it pathetic or vituperative. MTN who seems to gain more name than any other network in Nigeria has successfully purchase Visaphone. It is very unfortunate that, Visaphone did not join in partnership with MTN but rather, their were sold to MTN!

I am not aghast that most of Nigeria youth today, did not know who are Visaphone, anyway, Visaphone are another tele. comm. network in Nigeria but it is very absurd that they didn't do well to gain the central attention of the masses.

According to the news made on so many technology website as of today, MTN is buying Visaphone in order to expand their market in various ways.

It has not been long when Visaphone discard almost thousands of their workers without any notice such as Retirement letter or resignation letter.


But the question still goes, Why is the CEO of Visaphone, Jim Ovia selling Visafone to MTN Nigeria? Although, things causes more different things to happen and today, we would be listing out three reasons why the transaction is going on from Nairametrics.

*. They noticed some sort of weak Financial capacity to enhance and bring the company to a more profitable standard, so that it will seems like a eye-catching business but sorry to announce that, it didn't go as planned!

*. Competition is another great reason. GSM operators are currently snuffing the life out of CDMA businesses in the company. Yes, there is always competition everywhere and trust me, Visaphone losses the power to continue with the competition.

*. Yes, there are absolutely afraid of Loans and trust me, a deal with MTN would rather make that right. During the recent time, Zenith Bank’s 2014 annual report also shows Visafone is owning it a sum of N345million which could likely be at the risk of not being paid or serviced adequately.

The above reasons are why, Visaphone purposely sold their tele-communications to MTN, in order to risk themselves off shames and disgrace that might arouse in the mean time.

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