Sunday, 10 December 2017

Airtel, Glo and Smile Among the 5 Bidders of 9mobile Left

Out of the 16 bidders who tendered expression of interest in acquiring 9mobile, 10 made it through the first stage of screening and now, we have only 5 bidders left. One out of the 5 bidders left will be the buyer of 9mobile in a matter of weeks.

Here are the 5 Bidders of 9Mobile Left
1. Airtel
2. Globacom
3. Smile
4. Helios
5. Teleology Holdings Limited

bidders of 9mobile
These 5 bidders of 9mobile are now qualified for the next stage in which 1 will emerge winner. 9mobile has been standing on one. 

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.

Since the debt issue, 9mobile, the country’s fourth biggest operator, has lost subscribers. In October its total number of users had fallen to 17.1 million, giving it a 12.2 percent market share, from 20 million subscribers with a 14 percent share earlier this year.
Who among these 5 bidders will acquire 9mobile?
Source: Reuters

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