9mobile Acquisition on Course as Parties Agree to Extension of Timeline

The Board of 9mobile has announced the extension of the timeline for closure of the acquisition process.

In a statement signed by Boye Olusanya, CEO of 9mobile, the company said the timeline extension was considered necessary to enable parties involved in the sale process to finalise the requisite transaction documentation to facilitate a smooth closure and transition to the new investor.

The statement read: “The Board of 9mobile is pleased with the progress made thus far and expects the acquisition process to be completed as soon as possible. Further updates in this regard will be provided in due course.

We hereby thank our invaluable customers for their support and reiterate our continuing commitment to providing best-in-class telecommunication service.”

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