NCC issues deadline for 9mobile acquisition

NCC issues deadline for 9mobile acquisition

Come 16th of January, 9mobile, the fourth largest mobile carrier in Nigeria would have a new owner.

The Nigerian Communications Commission, NCC, said it has fixed that date for the receipt of binding offers from prospective bidders for the acquisition of 9mobile, the telecoms regulator said on Thursday.

The NCC said Barclays Africa will review bids submitted before the deadline and make recommendations to 9mobile, the regulator said in a statement.

Formerly known as Etisalat Nigeria, the company was renamed to 9mobile after its erstwhile owners could not pay back the $1.2 billion loan the company took from more than 12 local lenders and other international partners.

According to official disclosure from Barclays, the prequalified bidders for the company are Globacom, Smile Telecoms, Teleology Holdings and India’s Bharti Airtel. However, there are speculations that Globacom might come out as the preferred winner for 9mobile.