NCC assures on 9mobile sale as parties agree on timeline extension
By Kokumo Goodie, Lagos, Nigeria
The Nigerian Communications Commission (NCC) has assured that the process to sell 9mobile to its preferred bidder, Teleology Nigeria Ltd, would be concluded soon.
Executive Vice Chairman/CEO of the Commission, Prof. Garba Danbatta gave the assurance in Abuja after receiving an award from representatives of African Achievers Award (AAA) who presented him an Award of Excellence at the Commission's Headquarters, said a meeting would be held next week among all the stakeholders, especially Teleology promoters, the NCC and the Central Bank of Nigeria (CBN) and other parties.
He however declined to give details of the meeting, saying he would not like to pre-empt discussions at the meeting.
Also yesterday, the Board of 9mobile announced the extension of the timeline for closure of the acquisition process.
CEO, 9mobile, Boye Olusanya, in a statement, 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 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,” Olusanya said.