Bidders given more time to prepare 9mobile offers

first_img AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 02 JAN 2018 Chris joined the Mobile World Live team in November 2016 having previously worked at a number of UK media outlets including Trinity Mirror, The Press Association and UK telecoms publication Mobile News. After spending 10 years in journalism, he moved… Read more Author Tags Home Bidders given more time to prepare 9mobile offers Chris Donkin Previous ArticleFirstNet detractors backtrack as all 50 states opt-inNext ArticleAT&T launches LTE-M in Mexico MTN Nigeria mulls pricing change after bank row Related MTN Nigeria payments access restored Nigeria’s telecoms regulator agreed to extend the deadline for the sale of troubled operator 9mobile to January 16, after the original lapsed without a final decision.The Cable revealed the contents of a letter from the Nigerian Communications Commission (NCC) to the operator’s current owners Emerging Markets Telecoms Services, approving the extension – which gave shortlisted bidders more time to prepare binding offers.9mobile – the former local unit of Etisalat – was saved from collapse by regulators in mid-2017 when both an investment fund and Etisalat exited the country after defaulting on a $1.2 billion loan.The operator is the fourth largest in Nigeria with 17 million connections, according to GSMA Intelligence estimates for Q3 2017. Potential suitors include rivals already present in the market – Bharti Airtel, Globacom and Smile – alongside several investment companies.Interested parties must submit a binding offer by the new deadline, which will be considered by the owners of the company and Nigeria’s communication and banking authorities.Previously the Central Bank of Nigeria and the NCC described the deadline of December 31 2017 as “sacrosanct” for the transfer of the operator into new ownership. Nigeria suspends SIM card sales, registration Etisalat NigeriaNigerialast_img

Leave a Reply

Your email address will not be published. Required fields are marked *