LAGOS Oct 11 Nigeria's telecommunications
regulator NCC said on Tuesday it has approved a request by
internet provider Visafone to transfer its shares to MTN
following its takeover by the South African firm.
MTN bought Visafone in January to improve its broadband
services in its biggest market Nigeria.
"The NCC, in line with its procedure granted a
Final-Approval to Visafone for the change in its shareholding
structure," the regulator said in a statement.
Visafone had also applied to transfer its licence to MTN but
this had not yet been approved, NCC said.
MTN come under public scrutiny in Nigeria and agreed in June
to pay a fine of 330 billion naira ($1.09 billion) for missing a
deadline to disconnect unregistered SIM cards, amid government
fears that these may be used by criminals.
Last month, Nigerian lawmakers also accused MTN of
illegally transferring $14 billion out of Africa's most populous
nation. MTN has denied the accusation.
($1 = 304.0000 naira)
(Reporting by Ulf Laessing and Camillus Eboh; Editing by