Business Hilights

Tracking Nigeria's Headline Business News Online

Globacom

NCC 99
ICT

MTN overrides others as internet subscribers hit 98.3m in December

Whereas latest statistics on Nigeria’s internet uptake has shown that users increased marginally to 98.3million in December 2017, the figures revealed that MTN Nigeria grossed network users with 2,642.666, new internet users, thus increasing its subscription in December to 36,069,597,…

9Mobile
ICT

9mobile: Confidence crisis hits sale as 3 out of 5 finalists develop cold feet?

Inability of the sales handlers to deny a report by The Cable since weekend that three out of the five shotlisted five companies including Airtel, Helios and Globacom may have developed cold feet in the final bidding round of troubled…

9Mobile shop
ICT

9mobile suddenly becoming ‘Rose flower’ for prospective investors?

Following last Friday’s High Court judgement nullifying the appointed board of 9mobile at a time stakeholders are waiting for the unveiling of the new owners and the follow up caveat emptor issued by Spectrum Wireless Communication on the sale of…

Glo outlet
ICT

ARCEP-Benin frustrating fate of 1.6m Glo subscribers over license withdrawal

Though negotiations are underway between Globacom and Benin’s telecommunications regulator, Autorite De Regulation Des Communications Électroniques Et De La Poste (ARCEP), industry analysts in Benin has observed that the withdrawn operating licence of Nigerian mobile telecoms company Globacom’s local unit…

Glo Hyundai
ICT

First S’African female pilot appears on Glo-sponsored African Voices

Asnath Mahapa who broke barriers by becoming the first African female pilot in South Africa is the special guest on this week’s edition of CNN’s African Voices sponsored by fully integrated telecommunications company, Globacom. The South African pilot will tell…

9Mobile
ICT

9mobile: Two out five final bidders working on last minute JV deal

Considering that odds favour Globacom or Teleology Holdings Limited, indications emerged Wednesday showing that two (names with held), out of the three remaining finalists including Airtel, Smile and Helios Group are currently working on a surprise push for joint venture…

9Mobile
ICT

9mobile’s ownership odds favour Teleology Holdings, Globacom

Out of the last five shortlisted investors to acquire the embattled 9mobile Telecoms, indications emerged weekend, pointing to the directions of either Nigeria’s national carrier, Globacom or Teleology Holdings Limited, a special purpose vehicle (SPV), put up by some influential…

9Mobile
ICT

Not all 10 interested buyers of 9mobile have met $100m bank guarantee

Indications have emerged suggesting that not all 10 listed potential investors (names with held) who qualified for the next stage in the bid process for 9mobile telecommunication, formerly Etisalat, complied with the tendering of a bank guarantee (or bond) of…

wale-adenuga-glo
ICT

Glo tops 9 others in race to buy 9mobile—-BH Investigations

10 telecom groups led by grandmasters of data, Globacom Nigeria Limited, and nine others including local and foreign entities are now confirmed in the race to buy over embattled 9mobile, formally Etisalat. Others listed in the race include Bharti Airtel,…

MTN-logo 33
ICT

Listing of MTN next year can’t spur others to the market—Survey

Whereas it is becoming clear that MTN Nigeria will lead in the much awaited listing of telecoms giants in Nigeria before the end of first half of 2018, findings by Business Hilights in the industry show that the South African…