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Airtel, Smile, Glo Make Final Five To Buy 9mobile

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9mobile network now has compainies awaiting to acquire the network. Smile, Globacom, Airtel, Helios and Teleolgy Holdings Limited are now the top five bidders. Meanwhile, MTN group did not make it to the final bid So, out of the five bidders, who will be the eventual buyer in a matter of weeks?

As 9mobile company gets closer to its final bidder, Boye Onasanya, the CEO of 9mobile said it will have more extensive discussions with the shortlisted parties.

“We are now moving on to the next phase, with plans for more extensive discussions and interaction with shortlisted parties, one of whom will emerge a final bidder in the coming weeks,” Onasanya said.”

Before this time, it was 16 companies that tendered expression of interest to 9mobile final advisor, Barclays.

In July 2017, Etisalat informed the Abu Dhabi Stock Exchange, that it have pulled out of 9mobile as a result of controversies surrounding the repayment of a $ 1.2 million loan taken by the bank.

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About Wisdom Nwedene 5662 Articles
Wisdom Nwedene is a seasoned investigative reporter. He is currently an editor @9News Nigeria and also a social media strategist, writer, freelancer, motivational speaker. To always get our news update on WhatsApp, call or text 'add me' to 09021514568 or send me message via Facebook : Wisdom Nwedene(https://www.facebook.com/wisdom.nwedene) Share your story with us: 09021514568( Call & SMS only) Email: Nwedenewisdom@gmail.com

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