9mobile sale: Airtel, Helios petition FG over confidence issues
Fresh controversy is about to envelope the nearly concluded sales process of embattled 9mobile, formally Etisalat Nigeria. Only yesterday, Wednesday, indication emerged that Bharti Airtel International, owners of Airtel Nigeria and UK private equity firm, Helios Investment Partners, have petitioned…
Why unveiling of new owners of 9mobile may not be this year but 2018 Q1
Indications emerged Thursday evening in Abuja that last minute reality checks made in readiness for the naming of the bid winner of 9mobile ran into clearance hitches traced to political interference and pockets of opposition coming from some banks whose…
Can 9mobile survive managing Barclays crisis before end of 180 days?
As part of efforts to hold back what would have been a bad end to the business activities of Etisalat, now 9mobile, the combined drive of the Central Bank of Nigeria (CBN) and the Nigerian Communications Commission (NCC), in July…
UK investors willing to offset 9mobile’s $1.2b debt closes in on deal
Chances of local investors cashing in on acquiring cash-strapped 9mobile are fading as Nigeria’s fourth largest telecommunications service provider, is gearing towards sealing a deal with investors from the United Kingdom. Investigations by Business Hilights showed that key pointer to…
Banks’ working collectively for early sale of 9Mobile—Okonkwo, Fidelity Bank CEO
As the 180 days window handed down to the receiver managers of 9Mobile continue to count, the managing director of Fidelity Bank Plc, Mr. Nnamdi Okonkwo, has said that all the banks whose money is trapped are working together for…
How banks’ removal of $1.2Bn 9Mobile debt from books’ll shape future
Since the revelation that the 12 banks involved in the $1.2 billion 9Mobile loan are setting aside a large part of the debt from their books ahead of the December 31 end-date for the fiscal year, financial pundits have started…
Current board at 9mobile has only 90 to 180 days to sell it– CBN
The Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has given more insights on the real time frame and duties of the new management of 9Mobile led by Dr. Joseph Nnanna, former deputy governor of the apex bank….
Etisalat Nigeria begins search for new name as UAE parent body quits finally
Following the termination of its management agreement with the Nigerian arm which came Monday evening, the Chief executive of Abu Dhabi based Etisalat International; Hatem Dowidar has announced that Nigeria can only use the brand name for another three weeks…
Etisalat’s destiny to be decided in six months as new appointees take charge
Though the safety of subscribers is now guaranteed, issues surrounding who will own Etisalat Nigeria is expected to be figured out within the next six months of the transition managers headed by former deputy governor of the Central bank of…
Why Nnanna, Ex-CBN Dep. Gov. was appointed to lead turnaround of Etisalat Nigeria
More details have emerged on the choice the former deputy governor, Financial System Stability of Central Bank of Nigeria (CBN), Dr. Joseph Nnanna, as the new chairman of Etisalat Nigeria. It would be recalled a new board of directors and…
