Click here to apply for any of our Training Courses

News     .     Technology Trends     .     Gadgets     .     Style


NCC (Nigerian Communications Commission) just stated that a successful buyer of 9Mobile (formerly Etisalat Nigeria) would be

announced on January 16, 2018. As reported earlier, there are five final bidders for the company of which Globacom and Bhartel Airtel are among.

According to a statement by the Executive Commissioner, Stakeholders Affairs of NCC, Mr. Sunday Dare, “There would be no shifting of the date" he said, 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.

“Nigeria can learn a lot from the Indian telecom experience of consolidation and market competition in the development of the telecom market. The consumer in India now enjoys lots of benefits and cheap data,” he said.

The sale of the telecom operator was billed to be concluded by December 2017, but the date was shifted following a request made by the board of 9Mobile to the NCC. This request, the board, noted is to allow the final bidders perfect their final bids.


Also Read9 Mobile Up For Grabs - See 5 Top Companies Likely To Buy


The bidding process was coordinated and evaluated by Barclays Africa. Owing to this, the bank in December 2017 shortlisted the final five firms that are currently bidding to get 9mobile. 

9Mobile which was formerly Etisalat Nigeria took a $1.2 billion loan from a consortium led by Guaranty Trust Bank (GTBank) and Access Bank Nigeria Plc. It, however, defaulted on the loan repayments due to operational reasons and the crisis in the Nigerian foreign exchange market in 2015 and 2016. This led the parent company, Etisalat International, to pull out of the Nigerian business as the creditors threatened to transfer the company into receivership. The Central Bank of Nigeria (CBN) and the NCC prevented this move by banks and appointed an interim board for the company to lead its transformation.





Make Real Money Fixing Smartphones.LEARN! Get This Resource Today!







Learn About Jobs and Career For The Future! Get This Resource Today!


Need A Consult? Click Here




0 #1 consultor seo 2018-01-08 00:21
Existem váriaѕ fⲟrmas de começar uma pesquisa.

Add comment

For advert inquiries, send an email to

Click here to apply for any of our Training Courses