Nigeria’s Globacom sets its sights on Comium takeover

Mergers, Acquisitions and Financial Results

Nigerian integrated telecoms firm Globacom has set its sights on struggling Ivorian cellco Comium Cote d’Ivoire, Agence Ecofin reports, quoting a source close to the company’s owner, Dr Michael Adenuga.

The telecoms tycoon is said to consider the company a ‘very attractive’ prospect, despite its CFA60 billion (USD120.9 million) debt pile.

Earlier this week it was revealed that Indian mobile giant Bharti Airtel had entered into discussions with Nizar Dalloul, the Lebanese founder of the Comium Group, regarding a possible takeover.