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ITREALMS : The African Legal Support Facility (ALSF) has launched a flagship initiative, the ALSF Academy Project, reports ITREALMS . ...

ICT4D Week 2018

Friday, January 12, 2018

9Mobile acquisition: Glo denies instigating report, confident in NCC, Barclays

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Telecommunications giant, Globacom, has denied instigating media which positioned it as the preferred bidder and has infact went ahead to acquire the embattled 9Mobile which has been on the investors shelf, reports ITRealms.

In its reaction, Glo distanced itself from media reports which made rounds lately, insisting that it has not acquired telecommunications company, 9Mobile.


A press statement issued in Lagos on Friday said: “Globacom has not acquired 9Mobile as widely reported in the media.”


According to the company, "We are bound by the terms of the acquisition process as stipulated by the authorities handling it and we will not in any way sway or deviate from the rules".


“We repose confidence in Barclays Africa, the Nigerian Communications Commission (NCC) and the Central Bank of Nigeria (CBN) which are handling the process that will lead to the emergence of a new owner for the company”.


Globacom urges all stakeholders and, indeed, the Nigerian public to disregard the report.


Nonye Dom/GEE

Related story:  9mobile acquisition: NCC clears air, sets new date

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