MTN buys Verizon South Africa

South African operator MTN said this week that it has entered into an agreement with Verizon Business, to acquire the US carrier’s South African operation, Verizon Business South Africa.

MTN said the transaction is in line with its strategy to provide integrated communications in all of its markets and follows similar acquisitions by MTN subsidiaries in Nigeria, Cameroon, Cyprus and Cote d’Ivoire. The acquisition will bolster the scale of MTN’s existing South African ISP operation.

Tim Lowry, MTN South Africa managing director and vice president, said: “There are already a number of strong competitors in this sector with demand still on the increase for high quality communication connectivity. We are confident that this acquisition will provide customers across our regional footprint with a better choice of ISP services.”