9Mobile Acquisition: Airtel, Glo, Smile Close to Acquiring 9Mobile [Must Read]

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9mobile acquisition saga is not over yet even after rebranding and changing name from Etisalat Nigeria to 9Mobile. In fact, the company is up for sale and 16 companies started bidding for it.
But the process involves screening so out of the initial 16 bidders that showed interest to acquire 9Mobile, only 5 bidders are left. Also, from this 5 bidders, one company will eventually emerge as the sole bidder who will now take ownership of the network in coming weeks.





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The top two colleges are in England.Chris Trotman/Getty Images


Interestingly, out of the 5 names remaining, 3 are so familiar to us probably because they are also top network providers in the country. Airtel, Globacom and Smile are all among the top contenders. Check the list below:
REMAINING 5 BIDDERS OF 9MOBILE
1. Airtel
2. Globacom
3. Smile
4. Helios

The top two colleges are in England.Chris Trotman/Getty Images
5. Teleology Holdings Limited
These remaining 5 bidders of 9mobile have secured qualifications for the next stage in which 1 will come out as 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 do you think will acquire 9mobile?
Sources: Reuters, yomiprof.

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The top two colleges are in England.Chris Trotman/Getty Images

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