Tag Archives: 9Mobile

The chief executive officer (CEO) of 9mobile, Boye Onasanya, has finally confirmed that the telecommunications company, formerly known as Etisalat Nigeria, would be sold to Teleology Holdings. According to Onasanya, Teleology Holdings emerged the best bidder in the sale process, while Smile Telecoms Holdings was considered as reserved bidder if Teleology renegues on its bid for the multimillion-dollar company. In ...

Barclays Africa is examining takeover bids from five prospective buyers for debt-laden 9mobile, two banking sources have said. They, however, said that a deal might take a few months, as it would involve restructuring the company’s debt after a default last year. Barclays Africa, appointed by local banks to try to find new investors for 9mobile, will make a recommendation ...

The Nigerian Communications Commission (NCC) has denied reports that a new owner of 9mobile would emerge on January 16, 2018. Its Director, Public Affairs, Tony Ojobo, said that January 16 was only scheduled as the deadline for the receipt and review of bidding offers from prospective buyers. He affirmed that Barclays Africa was still in charge of the bidding process ...

An unconfirmed report says the Nigerian Communications Commission (NCC) has approved the deal that 9mobile would be sold out to Globacom on January 16, 2018. The NCC  has said that the date of handover won’t be postponed. If Glo successfully acquire 9mbile, it would make the telecom giants the largest data network in Nigeria. This is happening after 9mobile got ...

In less than 16 days, Barclays Africa will announce the preferred bidder for the sale 9mobile, Nigeria’s fourth largest mobile company with 17million subscribers. It is pertinent to raise certain industry concerns before this development, because the announcement could make or mar the industry if critical factors are not considered beyond payment of debt incurred by 9mobile and consideration of ...

The deadline for the sale of 9Mobile, formerly Etisalat Nigeria, has lapsed without the process producing a major buyer. ETV gathered that the five bidders left in the race, Globacom, Airtel, Helios, Teleology and Smile Communications, would have to wait for another two weeks to know which of them will take over the assets and liabilities of 9 Mobile . ...

The Central Bank of Nigeria (CBN) and the Nigeria Communications Commission (NCC), which saved former Etisalat Nigeria (now 9mobile) from being taken over by a consortium of local lenders, have questioned the handling of the sale process of 9mobile by Barclays Africa, its financial advisors. A letter jointly endorsed by the Heads of the two regulators to GTBank, which is ...