Friday, 26 February 2016

COURT STRIKES OUT ETISALAT’S SUIT AGAINST MTN OVER VISAFONE ACQUISITION


     - A Federal High Court in Lagos yesterday struck out the suit filed by a telecoms company, Etisalat, challenging the acquisition of Visafone by MTN.

-          - Justice Ibrahim Buba struck out the case on the grounds that the court lacked the jurisdiction to entertain the suit. 
-          - Adding that Etisalat cannot challenge the acquisition of Visafone by MTN because the Nigerian Communication Commission (NCC), which is the regulatory agency saddled with the responsibility of monitoring and approving such sale is not joined as a party in this suit.
-    - Etisalat Nigeria had sued MTN Nigeria and Visafone, challenging MTN’s use of the 800megahertz (MHZ) spectrum following the acquisition of Visafone.
       CULLED FROM THIS DAY





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