Saturday, January 31, 2026
27.7 C
Lagos

MTN Floors Etisalat Again over Visafone Acquisition

For the second time in a row, MTN Nigeria has floored Etisalat Nigeria over the legal battle concerning recent acquisition of Visafone Communications by MTN.

At the resumed hearing of the matter yesterday before Justice Ibrahim Buba of the Federal High Court, Ikoyi, the court threw out the suit filed by Etisalat against MTN and Visafone over the acquisition of the CDMA operator.

Justice Buba delivered his ruling in respect of Notice of Preliminary Objection raised by MTN and Visafone challenging the jurisdiction of the Federal High Court to adjudicate on the matter.

In the ruling, the court upheld the defendants’ argument, as canvassed by Mr. Niyi Adegbonmire, SAN (MTN’s and Visafone’s Counsel) and struck out the matter on the following grounds:

· That Etisalat failed to fulfill condition precedent as required by the Nigerian Communications Act as Etisalat failed to exhaust the judicial review process as mandated by law. Specifically, the court considered Etisalat’s action as an attempt to circumvent the judicial review process.

· That Etisalat’s complaint was hinged on the administrative powers of the Nigerian Communications Commission who had already approved the transaction between MTN and Visafone and as such, both Visafone and MTN were not relevant parties to the suit.

· That the suit as filed by Etisalat, was incurably bad and could not be remedied.

· That the NCC was empowered to determine actions which constitute anti-competition and had actually informed Etisalat, in writing, that the transaction between Visafone and MTN did not lower competition in the telecommunications industry. The court found that the letter, which was also exhibited in court, was fatal to Etisalat’s case.

· The court also faulted the approach by Etisalat in instituting the action contrary to the provision of the Nigerian Communications Act.

spot_img
spot_img
spot_img

Hot this week

UAC Records Revenue Surge, Profit Impacted by One-Off Acquisition-Related Costs

UAC of Nigeria Plc has announced its unaudited financial...

Moniepoint Celebrates 10 Years of Impact, Microfinance Bank Reports N412tn Transactions in 2025

Moniepoint Inc., Nigeria's definitive platform for small businesses and...

PenCom, PFAs to Unveil PENCAP – Data Recapture Self-Service Platform Feb 1

The National Pension Commission (PenCom), in collaboration with Pension...

Topics

African Airlines to Lose $100m in 2018

The International Air Transport Association (IATA) says African carriers...

Linkage Assurance Grows PAT by over 600% in Q3

Linkage Assurance Plc at the end of third quarter...

NCC: Nigeria to Achieve 50% Broadband Target by End 2023

L-R: Director, Public Affairs, Nigerian Communications Commission (NCC), Reuben Muoka; Chairman, Nigerian Union...

Stanbic IBTC Bank: *909# Seals Commitment to Cashless Economy

 *909# Mobile Money on the Move!             Mrs. Sola David-Borha CEO, Stanbic-IBTC...

World Economic Forum Cancels Singapore Meeting, Proposes 2022

The much anticipated Special Annual Meeting by the World...

RE: NPA, BIDDERS AT WAR OVER CARGO SURVEY

The Management of the Nigerian Ports Authority (NPA) renounces...

Pension Assets Hit N5.3tr, N41bn Deficit Expected in 2016

Nigerian pension assets have hit all-time high of N5.3...

NAFDAC: NIVEA Black & White Roll-On Manufactured in Nigeria is Safe

Nigeria’s food and drugs regulatory body, the National Agency...
spot_img

Related Articles

Popular Categories

spot_imgspot_img