Come January 16, 9Mobile's new Owner will be Announced | Techpaded Blog
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Come January 16, 9Mobile's new Owner will be Announced

Early December last year, a shortlist of the final 5 bidders for 9Mobile was released, with the top bidder—who will take over the management of the telco network—scheduled to be announced in the same month. However, the date was shifted following a request made by the board of 9Mobile to NCC.

etisalat to 9mobile

The Nigerian Communications Commission (NCC) noted the request by 9Mobile was to allow the final bidders perfect their bids. Moreover, the industry regulator insisted January 16, 2018 as the date in which the firm that successfully acquires 9Mobile will be announced.

“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.”

Etisalat (now 9Mobile) once boasted of over 20 million active subscribers, but when they defaulted on $12.2 billion loan from a consortium of banks and their parent company in Abu Dhabi backed out, things went sore for the fourth largest telco network operator in Nigeria.

Some firms then submitted expression of interest to buy the brand, and Barclays Africa has been in charge of the bidding process right from start, up till this point. The big question: who will be the new owner of 9mobile? Kindly share and stay tuned to Techpaded for the big update!

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