We Have Not Acquired 9Mobile – Glo Cries Out

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Contrary to the speculations making rounds that Globacom is in the top position among other bidders to buy 9Mobile (formally Etisalat Nigeria), the indigenous Nigerian telecom company has announced that they are not yet the owners of embattled 9Mobile. 

Globacom has officially denied the acquisition of telecom company – 9mobile. In a statement in Lagos yesterday, said 

 ”it has not acquired 9Mobile as widely reported in the media.”

It added: ”We are bound by the terms of the acquisition process as stipulated by the authorities handling it and we will not in any way sway or deviate from the rules.

Glo

“We repose confidence in Barclays Africa, the Nigerian Communications Commission (NCC) and the Central Bank of Nigeria (CBN) which are handling the process that will lead to the emergence of a new owner for the company.”

Globacom urged all stakeholders and, indeed, the Nigerian public to disregard the reports.

Verdict 

Globacom saying this doesn’t mean they are not in the pole position to buy 9Mobile. Rather we understand they are following due processs in order not to break the terms guiding the acquisition. Recall, Glo now supports KwikCash which was before now, an exclusive service for 9Mobile subscribers only. 

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