MTN dropped as Airtel, Glo, Smile make final 5 to acquire 9mobile
MTN Group failed to make into the final five companies in
the bid for 9mobile
the bid for 9mobile
The top five bidders who made it to the next stage of the
bid to acquire the embattled 9mobile inclues, Airtel, Globacom, Smile, Helios,
and Teleology Holdings Limited. Of course, out of the five, only one will be
the ultimate owner in few weeks to come.
will have more extensive discussions with the shortlisted parties, as the
company gets closer to its final bidder.
to the next phase, with plans for more extensive discusssions and interaction
with shortlisted parties, one of whom will emerge as final bidder in the coming
weeks,” he said.
expressing their interest (EoIs) to Barclays, 9mobile’s financial advisor. It
was later dropped to 10 firms and now we have just five in the race.
pulled out of 9mobile, formerly known as Etisalat Nigeria, as a result of
controversies surrounding the repayment of a $1.2 billion loan taken by the
bank.