Visafone Nigeria

Multi-Links future in doubt as deal with Visafone is cancelled

South African incumbent operator Telkom has cancelled its planned sale of Nigerian subsidiary Multi-Links to Visafone. Having announced a done deal to the tune of $52m in April this year, Telkom CEO Nombulelo Moholi has said that a recent court ruling in Nigeria now means that the South African company is unable to go through with the deal. Consequently, Telkom will stop funding the subsidiary with immediate effect, leaving the future of the company in doubt.

Telkom SA sells troubled Nigerian CDMA unit to Visafone

South African incumbent fixed-line operator Telkom SA has sold off its CDMA operation at the embattled Nigerian Multi-Links network. The deal, worth $52m, will see the transfer of the network to operator Visafone; Multi-Links’ fibre and fixed-line elements are not included in the sale.

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