We have not acquired 9mobile – Globacom

Globacom, Nigeria’s second largest telecommunications network, says it’s yet to acquire 9mobile.

The operator said in a statement shared on Friday, January, 12, 2018 that it is bound by the terms of the acquisition process and it will in no way go against the rules. The statement reads thus;

“Globacom has not acquired 9Mobile as widely reported in the media. We are bound by the terms of the acquisition process as stipulated by the authorities handling it and we will not in any way sway or deviate from the rules.

“We repose confidence in Barclays Africa, the Nigerian Communications Commission (NCC) and the Central Bank of Nigeria (CBN) which are handling the process that will lead to the emergence of a new owner for the company.”

Refuting the news of being a preferred bidder on Thursday, the Nigerian Communications Commission (NCC) said it would be left to the interim board of 9mobile to pick a winning bid out the recommended bids by the NCC and the Central Bank of Nigeria (CBN).

The deadline for bid submission is January 16.

The company formerly known as Etisalat Nigeria was taken over in July 2017 after it defaulted on a N541 billion debt.

Mubadala Group, the major investor from the United Arab Emirates, pulled out of Nigeria’s fourth largest mobile operator as a result of the debt owed to a consortium of 13 banks.

In December, TheCable listed the top five bidders who made it to the next stage of the purchase bid as Airtel, Globacom, Smile, Helios, and Teleology Holdings Limited, promoted by Adrian Wood, the pioneer CEO of MTN Nigeria.

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