Airtel, Globacom and Others in hot Race to Acquire 9Mobile NG


Ever since Etisalat NG re-branded to 9Mobile, her debt saga reduced a bit. But it's more trouble for the fourth largest network operator in Nigeria, as there's a huge competition going on—within bidders—to acquire the brand.

The 9Mobile is said to be open 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.

Not fewer than ten companies have expressed interest in acquiring 9Mobile which has over 16 million registered subscribers in Nigeria.

PAY ATTENTION - 9mobile Now Offers Free Data For 12months Plus 2GB Instant Data

Reports had it that the 10 firms have passed the technical evaluation bid stage and have been pre-qualified to submit their financial bids for the acquisition. As expected, the highest bidder will now get the nod to own 9mobile. Check out the list arranged alphabetically below.

List of Companies That Want to Purchase 9Mobile
1. Abraaj Capital
2. Africa Capital Alliance
3. Airtel
4. Alheri Engineering
5. Carlyle Group
6. Centricus Capital and Africell
7. Globacom
8. Helios Towers
9. Smile Telecoms Holdings
10. Teleology Holdings

Each of the above firms is required to submit a $150m bond in order to proceed.

Which of the companies do you think is likely to submit the best bid and eventually acquire the network?
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