Visafone judge throws suit mtn

It seems like you're referring to a recent development in the telecommunications industry in Nigeria. Visafone, a subsidiary of MTN Nigeria, was involved in a lawsuit with the Nigerian Communications Commission (NCC) over the acquisition of Visafone's assets.

To provide some context, Visafone was a CDMA-based telecommunications operator in Nigeria that was acquired by MTN Nigeria in 2015. However, the NCC had initially approved the acquisition on the condition that MTN Nigeria would not use Visafone's spectrum to offer CDMA services.

In 2020, the NCC filed a lawsuit against MTN Nigeria, alleging that the company had breached the conditions of the acquisition by using Visafone's spectrum to offer CDMA services. The NCC sought an injunction to stop MTN Nigeria from using the spectrum and to recover any alleged losses.

The court, in its judgment, ruled in favor of the NCC and ordered MTN Nigeria to stop using Visafone's spectrum for CDMA services. The court also ordered MTN Nigeria to pay a fine of N3.2 billion (approximately $8.5 million) to the NCC.

It's worth noting that MTN Nigeria has appealed the judgment, and the matter is currently pending before the Court of Appeal in Nigeria.

I hope this information helps clarify the situation. If you have any further questions or would like more details, please feel free to ask!