Fidelity bank banner Bayelsa State banner
9mobile to file for bankruptcy? Potential investor pulls out

By News Express on 25/01/2018

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 937


Troubled telecommunications firm 9mobile may be forced to file bankruptcy, a report in Nigeria’s authoritative BusinessDAY said on Thursday morning.

Bharti Airtel had beaten other bidders for 9mobile only to develop cold feet after it got the nod of industry regulator, the Nigerian Communications Commission (NCC).

“Analysts,” according to BusinessDAY, “say the recent development in the 9mobile bidding process where Bharti Airtel, one of the five listed potential investors has pulled out, may leave the telecommunications company with no other choice but to file for bankruptcy.” The paper noted that “Nigeria’s telecoms industry was taken by surprise after Airtel decided not to submit a final bid” for the troubled telco which rose from the ashes of the defunct Etisalat Nigeria following the pullout, last year, of the foreign owners.

Source News Express

Posted 25/01/2018 12:21:08 PM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

 

You may also like...
Mbu sends SOS over state of Police Colleges...

The resurrection of Apalara, By Tola Adeniyi

African ministers pledge to improve access to life-saving...

UK lecture: Okiro challenges African leaders on security,...

9,000 IDPS duped of N27 million; suspect lands...

Breaking: Gunmen abduct secondary school students from hostel...

Era of “promise and fail” is gone, Ikpeazu...

Prince Ezenwa joins race for Ngige’s senatorial seat...

Okonjo-Iweala vs Reps: 50 QUESTIONS and the TRAGEDY...

Ex-commissioner, over 150 others dump PDP for APC...

US expels 60 Russians, closes consulate over poisoning...

Truck falls off Lagos bridge, crushes buses, car...

 

Latest News Quickfire double gives Atletico extra-time victory over Real Madrid in European Super Cup Shakeup in the Navy •Full list of new officers 2019: I may join presidential race — Saraki 24 escape death as fire guts vehicles on Third Mainland Bridge Impeachment: PDP keeps vigil at NASS over Saraki Lagos police boss sacks 8 officers, demotes 6 Umahi reshuffles cabinet Airport Commissioning: Bayelsa Govt. shuts state TV station Killings: Police raid black spots in Ekiti IPMAN shuts down Anambra over filling station demolition 5 students feared dead as Federal University, Makurdi shuts down N22 trillion Debt: Buhari, APC have wrecked Nigeria, says PDP

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (377,154 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (366,319 views) Shameless Genevieve Nnaji exposes breasts in public (295,993 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (241,637 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (222,348 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (216,974 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (192,375 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (174,557 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (159,528 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (158,099 views) Lagos plane crash: Journalist releases victims’ names (152,545 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (142,910 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (56) Business & Economy (3,452) Business Verdict (48) Columnists (908) Complaints & Requests (95) Enterprise & Opportunities (207) Entertainment (527) Features (632) Global Business Monitor (294) International (2,269) Interview (161) Live Commentary (28) Love Matters (134) News (38,039) Opinion (1,057) Pidgin (11) Politics (6,050) Religion (816) Sports (1,646) Stock Watch (33) AMA & Al Jazeera Global Update

 

CBN banner

Firstmobile banner

 

 

NEWS EXPRESS TV

Liverpool Destroying West Ham 4-0 - Highlights

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement