The Nigerian Communications Commission, (NCC) have disclosed yesterday that five firms are bidding to takeover problematic telecom firm 9Mobile(former Etisalat)

It was gathered that five were selected as qualified among the 16 that Expressed Interestto Barclays bank, the financial advisers on the bid.

Prof. Umar Danbatta, NCC Executive Vice Chairman said yesterday the five successful bidders had been “allowed access to the data room of 9mobile in order for them to assess the financial situation of the company and subsequently make bids for the takeover under a regulated manner.”

He added: “The Central Bank of Nigeria (CBN) and the NCC are supervising what is going on through the Interim Board that was jointly appointed by both of them. We are going to look into the financial standings of the potential bidders as well as their technical capacity.

“In the final analysis we would like to see 9mobile taken over by a bidder who has the financial as well as technical capacity to fulfill all the requirements of the telecos to provide quality services to the country.”

However, Danbata failed to provide the names of the five firms, but sources revealed it was Airtel, Smile, Globacom, Telelogy and Helvis.

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source: http://www.kingsleyiwu.com.ng/2017/12/five-companies-set-to-sit-as-new-owners.html

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