9mobile takeover looms advisers evaluate bids report
It appears that there is a report about the potential takeover of 9mobile, a Nigerian telecommunications company, by various bidders. Here's a summary of the report:
Report: According to a report by The Punch, a Nigerian newspaper, the Nigerian Communications Commission (NCC) has received bids from several companies interested in acquiring 9mobile, a telecommunications company that was previously known as Etisalat Nigeria.
Bidders: The report mentions that several companies have submitted bids to acquire 9mobile, including:
- Teleology Holdings Limited, a Nigerian company that was previously announced as the preferred bidder for 9mobile.
- Smile Telecoms Holdings Limited, a Nigerian telecommunications company.
- Airtel Networks Limited, a subsidiary of Bharti Airtel, an Indian telecommunications company.
- MTN Nigeria Communications Plc, a subsidiary of MTN Group, a South African telecommunications company.
Evaluation: The report states that the bidders' proposals are currently being evaluated by a team of advisers appointed by the NCC. The evaluation process is expected to be completed soon, after which the NCC will announce the successful bidder.
Takeover: If the report is accurate, the successful bidder will acquire 9mobile, which has been struggling financially in recent years. The takeover is expected to bring in new investment and expertise to help the company recover and grow.
Background: 9mobile was previously owned by Etisalat International, a United Arab Emirates-based telecommunications company. However, in 2017, Etisalat International sold its stake in the company to a consortium of Nigerian banks, which took over the company's debt. Since then, the company has been struggling to recover from its financial difficulties.
It's worth noting that the report is based on information from unnamed sources, and the NCC has not officially confirmed the details of the bids or the evaluation process.