The acquisition of Visafone by MTN is approved by the Nigerian Communications Commission in order to save Nigeria’s Code Division Multiple Access (CDMA) networks.
NCC’s Executive Vice Chairman, Professor Umar Danbatta delivered this update in Abuja.
According to him, the NCC plans to sustain its revival effort on moribund CDMA networks to secure the investments in the sector.
He added that about 2.5 million jobs have been created by the telecoms sector over the years. He estimates that the sector contributed 9.5% to the GDP in 2014.