MTN Buys Visafone, Sacks 2000 Workers


Reports has it that over 2,000 employees of Visafone have been immediately sacked as MTN Nigeria completes its acquisition of Visafone.

Reliable sources reveal that MTN completed the acquisition of Visafone, the only surviving Code Division Multiple Access operator in the country, before the end of 2015.

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 of 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 enquiries to MTN because he was not authorised to speak on the deal.


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