Writer and Social entrepreneur.

So there have been rumours that indigenous Telecom company, Globacom has acquired on sale Etisalat. Well, it so happens that this is very false. In clear terms, Globacom has not acquired 9Mobile, though they are contenders to do so.

According to a statement by the Nigerian Communication Commission, NCC,

“Our attention has been drawn to newspaper publications alleging that a preferred bidder has been anointed to acquire 9Mobile and otherwise speculating on the outcome of the ownership transfer process. For the avoidance of doubt, we wish to provide the following clarification and update on the process: Barclays Africa remains in full control of the process leading to the emergence of a new owner for the company.”

“Barclays has not authorized any publication on the matter and is obliged to maintain full confidentiality thereon.”

They went further that, “An approval of the request for extension of time by the 9Mobile Interim Board was given by the 2 regulators – NCC and CBN. This set the deadline for the receipt of binding offers from the prospective bidders till 16th January 2018. Contrary to speculations that a “winner” will be announced on the same day (i.e. 16th of January 2018) we wish to clarify that Barclays is expected to review the bids received by the deadline and to make recommendations to the 9Mobile Interim Board thereafter”

Globacom also reacted to the rumors saying that,

“Globacom has not acquired 9Mobile, as widely reported in the media.

“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.”

We do think that this rumor was ill motivated and it is great that the parties involved has come public to debunk such. So it would be in the best interest of the entire public if such news if refrained from spreading.