Rumours went rife yesterday that NCC approved sale of 9mobile to Globacom Nigeria, with January 16, 2018 set for official handover.
Telecommunications giant, Globacom, has distanced itself from media reports which insinuated that it was the preferred bidder to acquire telecommunications company, 9Mobile.
A press statement issued in Lagos on Friday said:
“Globacom has not acquired 9Mobile as widely reported in the media.”
According to the company,
“We are bound by the terms of the acquisition process as stipulated by the authorities handling it and we will not in any way sway or deviate from the rules”.
“We repose confidence in Barclays Africa, the Nigerian Communications Commission (NCC) and the Central Bank of Nigeria (CBN) which are handling the process that will lead to the emergence of a new owner for the company”.
Globacom urges all stakeholders and, indeed, the Nigerian public to disregard the report.
Rumours went rife yesterday that Glo has acquired 9mobile.
Following a $1.72 billion debt default and the exit of its parent UAE-based body, Etisalat Nigeria was taken over by creditors in July 2017 and re-branded as ‘9mobile’.
Since then, speculations mounted over who could possibly acquire the telecoms company, especially after the 16-day deadline extension on December 31st.
Unconfirmed reports emerged yesterday that the Nigerian Communication Commission (NCC) has finally approved the sale of 9mobile to Globacom Nigeria, with January 16, 2018 set for official handover.
If the acquisition comes to fruition, Globacom will add 9mobile’s 17 million subscribers to its network, essentially overtaking MTN as the largest telecoms network in Nigeria.
Responding to claims that Glo has acquired 9mobile, the NCC yesterday released an official statement that neither explicitly denies nor confirms the possible acquisition of 9mobile by Glo:
The statement read:
Our attention has been drawn to newspaper publications alleging that a preferred bidder has been anointed to acquire 9Mobile and otherwise speculating on the outcome of the ownership transfer process.
For the avoidance of doubt, we wish to provide the following clarification and update on the process:
Signed
Tony Ojobo
Director, Public Affairs
January 10, 2018
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