News Visafone Acquired By MTN Nigeria, 2000 Staff Sacked!

Visafone Acquired By MTN Nigeria, 2000 Staff Sacked!



Over 2,000 employees have been thrown into the labour market as MTN Nigeria completes its acquisition of Visafone.

Reliable sources stated that the MTN would have completed the acquisition of Visafone, the only surviving Code Division Multiple Access operator in the country, before the end of 2015, but for the N1.04tn fine slammed on it by the Nigerian Communications Commission.

When contacted, MTN Nigeria neither denied nor confirmed the deal, but said the management was already working on a statement that would be made available to journalists later in the day or today (Thursday).

Meanwhile, the disengagement of the 2000 staff members took effect from January 5, 2016 with a payment  three months’ salaries as severance package.

The only categories of employees said to be left were those in the personnel and transmission departments.

A senior management employee at Visafone confirmed the sacking, but was quick to refer media enquires to MTN because he was not authorised to speak on the deal.