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MTN Left Out as Airtel, Glo, Others Make Final Five to Purchase 9mobile

Discussion in 'Data Plans' started by schoolhelp, Dec 10, 2017.

  1. schoolhelp

    schoolhelp School Master (HOD) Glaive Established

    MTN Left Out as Airtel, Glo, Others Make Final Five to Purchase 9mobile
    It's no longer news that the 9Mobile company opened to a new investor that is willing to invest heavily in the telecoms company in such a way that it will have the required amount of money to offset its $1.2 billion bank loan.

    We have already brought to you, the list of the
    10 companies that want to purchase 9Mobile telecoms. The South Africa-based multinational mobile telecommunications company ―MTN Group, was not even among the ten companies who expressed interest in acquiring 9Mobile, talkles of making it to the final five companies in the bid for 9mobile.

    According to TheCable : The top five bidders who made it to the next stage of the bid are:
    1. Airtel
    2. Globacom
    3. Smile
    4. Helios, and
    5. Teleology Holdings Limited.
    Out of the five, one will be the eventual buyer in a matter of weeks.

    In a memo seen by TheCable, Boye Onasanya, CEO 9mobile, said it would have more extensive discussions with the shortlisted parties, as the company gets closer to its final bidder.

    “We are now moving on to the next phase, with plans for more extensive discussions and interaction with shortlisted parties, one of whom will emerge as the final bidder in the coming weeks,” Onasanya said.

    Earlier 16 companies tendered expressions of interest (EoIs) to Barclays, 9mobile’s financial advisor.
    The companies included five telcos: MTN, Airtel, Ntel, Virgin Mobile from the United Kingdom and Vodacom of South Africa.

    Some others are BUA Group, Morning Side Capital Partners, Obot Etiebet & Co, Blackstone Private Equity, and Hamilton and George International Limited.

    The question is, who will acquire 9Mobile among the 5 bidder?
    Olu2nde and Jams like this.
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  3. Jams

    Jams Glaive Glaive Established

    I hope Glo will be the one to have the auction market.
  4. schoolhelp

    schoolhelp School Master (HOD) Glaive Established

  5. Praise

    Praise Enthusiast

    Hope for glo to acquire it
  6. FoxFi

    FoxFi Enthusiast

  7. schoolhelp

    schoolhelp School Master (HOD) Glaive Established

    @FoxFi, why laughing.... Na airtel u want
  8. Kclubz

    Kclubz Journeyman Established

    Glo never solve their network problems but want to by a network that is almost as big as it is. Typical black man mentality.
  9. Olu2nde

    Olu2nde Enthusiast Established

    Nice info
  10. Xexi Adson

    Xexi Adson Enthusiast Established

    Money is capable of doing anything