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NCC Reacts To Rumored Sale Of 9Mobile To ‘Anointed Bidder’

                
                                  
Sale Of 9Mobile
                 

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NCC Reacts To Rumored Sale Of 9Mobile To ‘Anointed Bidder’

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The Nigerian Communications Commission (NCC) yesterday dismissed reports claiming that a preferred bidder has been chosen for the acquisition of telecom giants, 9Mobile.

This was made known ​in a statement signed by its Director of Public Affairs, Tony Ojobo​.

He insisted that the process for the acquisition of 9Mobile is still ongoing.

Ojobo said Barclays Africa remained in full control of the process leading to the emergence of new owner for the company.

The statement reads: “Our attention has been drawn to newspaper publications alleging that a preferred bidder has been anointed to acquire 9Mobile & otherwise speculating on the outcome of the ownership transfer process.

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“For the avoidance of doubt, we wish to provide the following clarification & update on the process:

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“Barclays Africa remains in full control of the process leading to the emergence of a new owner for the company. Barclays has not authorized any publication on the matter & is obliged to maintain full confidentiality thereon.

“An approval of the request for extension of time by the 9Mobile Interim Board was given by the two regulators – NCC & CBN. This set the deadline for the receipt of binding offers from the prospective bidders till 16th January 2018.

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“Contrary to speculations that a ‘winner’ will be announced on the same day (i.e. 16th of January 2018) we wish to clarify that Barclays is expected to review the bids received by the deadline & make recommendations to the 9Mobile Interim Board thereafter.

“The NCC & CBN will be duly notified once the 9Mobile Interim Board accepts Barclays’ recommendations & a winning bid is determined in accordance with the terms of the exercise.”

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