Nigeria: Needless Brouhaha Over 9mobile Sale

17 May 2018
opinion

Osebumere Odia writes that the acrimonious battle over the acquisition of 9mobile is unnecessary as Teleology has been chosen the preferred bidder and has not yet defaulted on the terms of its selection

A casual observer of Nigeria's telecom industry may have been carried away a few months ago by news of supposed interest in acquiring 9mobile by hordes of corporations far and near. Several companies were said to have lined up for the bid including mobile network operators like Globacom and Airtel the broadband services provider, Smile Communications. Others were Helios, a private equity firm and Teleology a special purpose vehicle of telecom industry veterans. A good number of these companies made considerable effort at generating hype around their ambitions and the media was awash with claims and promises, not too dissimilar to those commonly associated with politicians. A particular bidder, days before the final bid even claimed that it had already won the bid, and that the forthcoming bid was merely a formality.

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