Out of the 16 bidders who tendered expression of interest in acquiring 9mobile, 10 made it through the first stage of screening and now, we have only 5 bidders left. One out of the 5 bidders left will be the buyer of 9mobile in a matter of weeks.
Here are the 5 Bidders of 9Mobile Left
1. Airtel
2. Globacom
3. Smile
4. Helios
5. Teleology Holdings Limited
These 5 bidders of 9mobile are now qualified for the next stage in which 1 will emerge winner. 9mobile has been standing on one.
9mobile, formerly Etisalat Nigeria, was put on the block early this year after it defaulted on a $1.2 billion loan from a consortium of 13 Nigerian banks. Etisalat Group the mother company in Abu Dhabi backed out leaving its Nigeria arm of business to fate, to survive on a new name.
Since the debt issue, 9mobile, the country’s fourth biggest operator, has lost subscribers. In October its total number of users had fallen to 17.1 million, giving it a 12.2 percent market share, from 20 million subscribers with a 14 percent share earlier this year.
Who among these 5 bidders will acquire 9mobile?
Source: Reuters
