10 firms pushing to buy the embattled 9mobile (formerly
Etisalat Nigeria) have scaled through the technical evaluation bid stage and
have now been pre-qualified to submit their financial bids for the acquisition.
The highest bidder will get the go-ahead to acquire the fourth largest telecom
operator in Nigeria. So who’s that going to be?
List Of Companies
Bidding For 9mobile
Bidding For 9mobile
Below is the list of the firms trying acquire 9mobile,
- Abraaj Capital
- Africa Capital Alliance
- Airtel
- Alheri Engineering
- Carlyle Group
- Centricus Capital and Africell
- Globacom
- Helios Towers
- Smile Telecoms Holdings
- Teleology Holdings
Each of the above companies are expected to submit a $150m
bond before moving ahead.
bond before moving ahead.
Reason For 9mobile in
shelve for sale
shelve for sale
Etisalat Nigeria found themselves in the den of trouble in
the beginning of this year when it failed to pay a $1.2 billion loan from aconsortium of 13 banks. The telco now has to do away with the Brand “Etisalat” and rebranded itself to“9mobile” when the UAE headquarters pulled out the telecom
operator, following series of interventions without a progress.
the beginning of this year when it failed to pay a $1.2 billion loan from aconsortium of 13 banks. The telco now has to do away with the Brand “Etisalat” and rebranded itself to“9mobile” when the UAE headquarters pulled out the telecom
operator, following series of interventions without a progress.
Who would you prefer to buy the embattled 9mobile from the above mentioned companies?
