As Visafone Is Liquidated, We Have a Lesson on Creative Destruction

‘MTN has liquidated Visafone, recognising a loss of N30.3 billion ($18 million) on the 2016 acquisition of Nigeria’s last-standing CDMA network. “Following the absorption by MTN Nigeria, Visafone is now fully liquidated,” a note in its H1 2024 financial statement said”’ – TechCabal. Like Bourdex and Starcomms, Visafone was in the class of CDMA companies. […] The post As Visafone Is Liquidated, We Have a Lesson on Creative Destruction appeared first on Tekedia.

  Business   Aug 20, 2024   0   38  Add to Reading List
As Visafone Is Liquidated, We Have a Lesson on Creative Destruction


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‘MTN has liquidated Visafone, recognising a loss of N30.3 billion ($18 million) on the 2016 acquisition of Nigeria’s last-standing CDMA network. “Following the absorption by MTN Nigeria, Visafone is now fully liquidated,” a note in its H1 2024 financial statement said”’ – TechCabal. Like Bourdex and Starcomms, Visafone was in the class of CDMA companies. […]

The post As Visafone Is Liquidated, We Have a Lesson on Creative Destruction appeared first on Tekedia.

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