The
NCC, which is keen on handling the remains of the telecommunications firm to
new owners soonest, decried that sale speculations that surrounded 9Mobile in
the last seven months had resulted in firm’s loss of subscribers.
Indeed,
our investigations showed about 4.5 million subscribers have left the 9Mobile
network, arguably to competitions. During an interaction with journalists in
Lagos, the Executive Commissioner, Stakeholder Management, NCC, Sunday Dare, said 9Mobile sales process
was still very much ongoing, and speculations will not do the already troubled
brand any good.
Dare
revealed that the interim board members of 9mobile are yet to communicate to
the NCC about the final choice of investor for the telecommunications firm,
because the process is ongoing.
“Remember also, there are two regulators involved, there is a
financial regulator, and a telecom regulator, and unless the financial process
is completed, the licensing process wouldn’t kick in. Until we have evidence of
the final report, the speculations will not do the brand any good as well as
the subscribers,” he
stressed.
Dare
said the Commission would not take the interest of a particular bidder above
others. According to him, “The Commission would be glad
if 9mobile is eventually sold to a financially capable investor that is willing
to invest in it.
“As a regulator, we will be glad to hear from the right source that
9mobile has a preferred bidder, and that must be communicated to us by the
interim board of 9mobile, to enable us guide the preferred bidder on how to
apply to NCC for operational licence transfer. But as I speak to you, NCC is
yet to receive any official notice from 9mobile, indicating its choice for the
preferred and reserve bidder of the telecoms company.”
He
noted that since Barclays Africa
submitted its recommendations to the interim board of 9mobile, the board will
meet, make their selection, and communicate same to NCC and the Central Bank of
Nigeria (CBN), which it is yet do.
However,
an industry source close to 9mobile, insisted that the board has selected Teleology Holdings Limited as its
preferred bidder, and Smile Holdings
Limited, as its reserve bidder and that the board has equally communicated
same to NCC. (Guardian)
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