9Mobile sale: We didn’t annoint any bidder to take over- NCC

January 13th, 2018

By Angeleen Nkwocha

The Nigerian Communications Commission, NCC, has distanced itself from publications alleging that a preferred bidder has been annointed to acquire 9Mobile, stressing that Barclays Africa remains in full control of the process leading to the emergence of a new owner for the company.

A statement from the Commission’s Director of Public Affairs, Tony Ojobo, says Barclays has not authorized any publication on the matter and is obliged to maintain full confidentiality thereon.

He averred that an approval of the request for extension of time by the 9Mobile Interim Board was given by the NCC and CBN who set the deadline for the receipt of binding offers from the prospective bidders till 16thJanuary 2018 and that Barclays is expected to review the bids received by the deadline and to make recommendations to the 9Mobile Interim Board thereafter.

Ojobo averred that the NCC and CBN will be duly notified once the 9Mobile Interim Board accepts Barclaysa�� recommendations and a winning bid is determined in accordance with the terms of the exercise adding that the winner will now apply to NCC in order to commence the processes for securing the regulatory approvals from the Board of the NCC necessary to give full effect to the transfer.

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