With telecommunications company 9mobile currently having troubles, The Nigerian Communications Commission (NCC) confirmed yesterday that 5 firms are bidding to acquire the company which was formerly called Etisalat.
The five, according to reports, were picked from 16 other telecoms company that expressed their interest to Barclays bank, the financial advisers to buy 9mobile.
NCC Executive Vice Chairman Prof. Umar Danbatta, according to The Nation yesterday, said 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.”
“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.”
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.