Unconfirmed Rumors are reportedly earning the rounds that Glo might be wanting to acquire its sector rival Etisalat.
Etisalat is currently in talks using a consortium of banking companies it owes a $1.2 billion financial loan which it's got defaulted on. Nairametrics reports that the banking institutions have just rejected a 5% stake offered by Etisalat as Portion of the credit card debt servicing arrangement.


Previous month Facts from NCC disclosed that MTN has the most important subscribers database of sixty.three million subscribers, accompanied by Glo 37.3 million subscribers and Airtel 34.6 million. Etisalat has been the niche has 18Million subscribers information base.

This May Undoubtedly Come about if This Rumor is True
>>Scaled-down players like Ntel, spectranet, Smile will do all they're able to kick in opposition to the deal mainly because it will give Globacom undue gain considering the fact that Globacom has focused fibre-optic infrastructure and find the money for to supply the cheapest data options to are subscribers

>>The merger could lead to job reduction from Etisalat because it's the more compact business.
Acquire these facts using a pinch of salt until eventually when confirmed!

Each Glo and Etisalat haven't issued any statements or comment on this rumor, but the chance shouldn't be dominated. We’ll see how it all performs out.

Users What Do You Think About This Rumour?
Source: Asifa Wale's Blog

Simply horizontal integration. Its all business

laivwire:
Simply horizontal integration. Its all business

They will ruin Etisalat. Etisalat should go public instead.

If you can't beat them, Just buy them. Nice one @GloNG

let this not be true.

Glo should put it's house in order first and provide better network before thinking of acquiring etisalat.

talk of chasing rats when your house is in chaos.