08/01/2018

9Mobile Will Get New Owner by January 16



The sale of the telecom operator was billed to conclude by December 2017, but it was shifted following a request made by the board of 9Mobile to the NCC. This request, the board, noted is to allow the final bidders perfect their final bids.


The Nigerian Communications Commission (NCC) has maintained that a successful buyer of 9Mobile (formerly Etisalat Nigeria) would be announced on January 16, 2018 and there will be no shift of date again.

9mobile to be sold to glo
“There would be no shifting of date, insisting that the sale must be concluded January 16 this year, and 9mobile will be handed over to its new owner on that same date.”

The bidding process was coordinated and evaluated by Barclays Africa and shortlisted the 5 final firm bidding to acquire 9mobile. These firms include Globacom, Bharti Airtel, Smile Telecoms, Teleology Holdings Limited and Helios Investment Partners.

Reason For Selling 9Mobile
9Mobile (formerly Etisalat Nigeria) took $1.2 billion loans from a consortium led by Guaranty Trust Bank (GTBank) and Access Bank Nigeria Plc. It, however, defaulted in the loan repayments due to operational reasons and crisis in the Nigerian foreign exchange market in 2015 and 2016.

This led the parent company, Etisalat International, to pull out of the Nigerian business as the creditors threaten to transfer to the company to receivership.

The question is, who will be the new owner of 9mobile among the 5 firm? I know Smile is out of the picture and Bharti Airtel... but the remaining 3 firm, I can't say.

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20 comments :

  1. Glo wants it badly. Its very possible they will close in at the end of the day. Waiting patiently for 16 January

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  2. I hope the winner will be able to bring them back to their best or better.

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  3. Good one... Let's see the new owner by then. Lots of bonuses will come out from it

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  4. I think Glo v gotten it already

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  5. Replies
    1. Glo acquired it in the dream I guess. Airtel have already acquired it

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  6. Glo will get it. Since this will help alleviate bandwidth traffic, I wish they get it.

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  7. God ,let it goes to SmileπŸ˜πŸ˜πŸ˜‚πŸ˜‚πŸ˜€πŸ˜€

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  8. As much as I want Glo to beat Airtel to it, it'd be so hilarious if come 16th, the winner isn't either the big G or A.

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  9. This will mark the final end of 9mobile(etisalat) if a Nigeria company acquires it.

    From Zpykiostech 

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  10. I don't want glo to acquire it

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  11. We all want glo as long they will giv the same data as of glo.

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  12. Glo is my choice but I hope they don't carry their slow network to 9mobile

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  13. Glo All the way.
    Globacom should go for it

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  14. But we were informed that glo now has it....... Still backed glo to possess

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  15. The Grandmaster GLO will offer more cheapest data so I will like Glo to possess them jare

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  16. Grandmaster of data ....glo rule ur world

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