The Nigerian Communications Commission (NCC) has said the takeover of 9mobile will not take place on January 16 contrary to media reports.
According to the commission, only the deadline for the receipt of binding offers from the prospective bidders close on Tuesday, but the takeover wouldn’t happen that day.
The NCC in a statement yesterday said contrary to speculations that a winner would be announced on the same day (i.e. 16th of January 2018), the preferred bidder would only be announced after recommendations from the “9mobile Interim Board”.
According to NCC, the Barclays Africa remained in full control of the process leading to the emergence of a new owner for the company.
Globacom Limited, Bharti Airtel, Smile Telecoms Holdings, Helios Investment Partners LLP and Teleology Holdings Limited are all in the race to buy 9mobile, Nigeria’s fourth largest telecommunications provider, which ran into a financial problem with some banks last year.