Nigerei - 9mobile bids deadline extended to 16 January

5 January 2018

Mergers, Acquisitions and Financial Results

The deadline for the submission of bids for Nigerian wireless operator 9mobile, which was known as Etisalat Nigeria until July 2017, has been extended to 16 January 2018, according to a report by TheCable.

Prospective bidders were originally given until 31 December to submit binding offers for the cellco, but this deadline has now been pushed back following approval from the Nigerian Communications Commission (NCC).

Five companies have reportedly been shortlisted to participate in the bidding process, namely: Bharti Airtel, the Indian parent of third-placed Airtel Nigeria; pan-African LTE operator Smile Telecoms Holdings; Nigeria’s second largest cellco Globacom; investment firm Helios Investment Partners; and Teleology Holdings Limited.

Source: Telegeography