Airtel will no longer be a party to the process of acquiring the properties of now-defunct Etisalat (which is now known as 9Mobile), and that has come as a shock to many.

Being the third largest provider of telecoms services in the country, industry experts had seen this as a big boom for Airtel. Afterall, successful purchase of the infrastructure owned by 9Mobile would make Airtel the number one biggest telecoms provider in the country, catapulting their customer base to a combined 85.5 million subscribers on both voice and internet packages.

According to an insider who spoke to TheCable on the matter, the reason for Airtel’s cold feet at this stage of the deal was because the brand felt ‘many things are not too plain with the entire process.’ they stated the source reported that

Airtel believes too many things hidden about the health of 9Mobile, and that it is too risky for anyone to buy the company. Things become compounded with the court case by Spectrum Wireless.

Of course, it is reasonable that such a thing will scare off the company from making the purchase. Risk management and the bearing of shareholders would have been significant factors in reaching this decision. However, looking on the bright side for this sale are the quotes of $500 million and about $300 million which have been submitted by Teleology Holdings Limited and Smile Telecoms Holdings respectively.

Since Airtel is out of the deal, and two companies have already brought their quotes, that leaves just the last two of five – Globacom and Helios Investment Partners. Surprisingly too, none of these companies came forward with a quote, even as the window for bid submissions closed. It remains to see what new turn the sale will take, and who eventually gets all the spoils in the end.

https://www.techliet.co/airtel-pulls-race-purchase-9mobile-globacom-also-fails-submit-bid/

Thank Goodness, bad things would have followed!
Airtel would have just destroyed 9mobile. Pheeww!

Everything in this country is shady, nothing or no one is straightforward.

Airtel believes too many things hidden about the health of 9Mobile, and that it is too risky for anyone to buy the company. Things become compounded with the court case by Spectrum Wireless.

All of them na same.

[color=#990000][/color]

Cool
I will buy it
Amen

loobatan.............mtn ...err where you Go

wilsonreuben:
Thank Goodness, bad things would have followed!
Airtel would have just destroyed 9mobile. Pheeww!

aleast beta dan glo.9mobile av been out of service in my area 4 one weak

Have any notice that when you recharge your glo line, your airtime drastically reduce or vanish b4 next morning.

GLO what is wrong?

Want to make 200k with a onrime time investment of 2000 naira. Check my signature for contact.

Meh

glo buy them and improve ur service mumu company

The way GLO has been removing 50/100 for seriously almost every recharge I make for "things" I didn't subscribe on, I don't know if its connected to this 9mobile stuffs cos my thought is they may be doing same to almost everyone

Nothing to say

Airtel always de fall my hand

Airtel right now

Nigeria don happen to that company. They should give to Buhari so he can appoint his fulani brothers to run and kill it gradually. He can then blame PDP and Jonathan

NextGovernor:
Have any notice that when you recharge your glo line, your airtime drastically reduce or vanish b4 next morning.

GLO what is wrong?

I thought it was only me...I don't understand why it happens.

how much. my accountant will credit you shortly. first thing on my agenda as the owner of 10mibile is to appoint DIRECTOR OF HAPPINESS.

All these broke naija telecom companies, they shud go and clear their bank loans first.

Glo shud kindly pull out 2

Airtel and their wahala

fabinfos:

I thought it was only me...I don't understand why it happens.

SOPHISTICATED STEALING

NextGovernor:
Have any notice that when you recharge your glo line, your airtime drastically reduce or vanish b4 next morning.

GLO what is wrong?

I thought I was the only one.

This has been going on for 4+ Months.

I found a solution, I only recharge whenever I want to call. Online Banking.

Saves Me a lot, they still rip Me off once in a while still.

NextGovernor:
Have any notice that when you recharge your glo line, your airtime drastically reduce or vanish b4 next morning.

GLO what is wrong?

I swear

Airtel just discovered that the process is unwholesome but come to think of it there's nothing bad if the Fed Govt authorities decide to give preferential treatment to Glo being an indegenious firm. Every country does that

Thanks for heeding my advice

Gucciboss:
Thanks for heeding my advice

The team to take over Etisalat should be Adrian Woods team but I doubt that will happen as Etisalat ownership structure is clearly bediviles with hidden problems that can stall any investor and make you lose your investment

Tugsramm:
aleast beta dan glo.9mobile av been out of service in my area 4 one weak

Sorry about that
I think Glo is better than Airtel in every way.

how much i will buy it

Let me go and make a bid quick quick