Wednesday, 22 November 2017

Who Gets to Buy 9mobile Among These Bidders?

You probably must been aware that 9mobile is up for sale after the initial saga that lands them into changing names from the old ancient Etisalat to the current 9mobile. The scramble to acquire 9mobile, Nigeria’s fourth largest network operator, as advanced to the next stage.

10 bidders left out of 16 who submitted expression of interest. And the highest bidder will acquire 9mobile.

9mobile bidder

Here is a List of The 10 bidders of 9mobile
1. Globacom Nigeria Limited, Nigeria’s second largest network operator
2. Airtel Nigeria
3. Dangote Group’s telecoms business unit
4. Alheri Engineering Limited
5. Smile Telecoms Holdings
6. Centricus Capital and Africell
7. Abraaj Capital (Based in Dubai)
8. Teleology Holdings Limited
9. The Carlyle Group
10. Africa Capital Alliance (ACA)

The 10 firms above have been pre-qualified to submit their financial bids for 9mobile, this will be the final process from which a winner with the highest bid submitted for 9mobile, will emerge.

9mobile, formerly Etisalat Nigeria, was put on the block early this year after it defaulted on a $1.2 billion loan from a consortium of 13 Nigerian banks. Etisalat Group the mother company in Abu Dhabi backed out leaving its Nigeria arm of business to fate, to survive on a new name.

The question is, who will acquire 9mobile among the 10 bidder
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