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    Glo distances self from 9mobile acquisition

    Chronicle EditorBy Chronicle EditorJanuary 12, 2018No Comments2 Mins Read
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    Glo GameBox contains over 400 premium games Eid-El-Kabir Globacom
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    Glo has denied acquiring 9Mobile

    Telecommunications giant, Globacom, has distanced itself from media reports which insinuated that it was the preferred bidder to acquire telecommunications company, 9Mobile.

    A press statement issued in Lagos on Friday said: “Globacom has not acquired 9Mobile as widely reported in the media.”

    According to the company, “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 repose confidence in Barclays Africa, the Nigerian Communications Commission (NCC) and the Central Bank of Nigeria (CBN) which are handling the process that will lead to the emergence of a new owner for the company”.

    READ: Trump denies ‘shithole countries’ comment after backlash

    Globacom urges all stakeholders and, indeed, the Nigerian public to disregard the report.

    Nigerian telecom regulator, NCC, has echoed Glo’s position concerning the acquisition of 9Mobile.

    In a statement issued by Tony Ojobo, the NCC says the clarification was necessary as it did not want a doubt over the process.

    “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,” NCC spokesperson, Tony Ojobo said.

    He then went on to explain the process leading to the takeover. “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.

    He stated that “An approval of the request for extension of time by the 9Mobile Interim Board was given by the 2 regulators – NCC and CBN.

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    Victory for democracy, Tinubu congratulates Okpebholo on Supreme Court win

    Edo: Akpabio congratulates Okpebholo, hails Supreme Court verdict

    July 11, 2025
    The African Democratic Congress (ADC) has called for an immediate end to the state of emergency in Rivers State, stating that Vice President Kashim Shettima spoke the truth in his recent remarks.

    ADC demands end to emergency rule in Rivers

    July 11, 2025
    Eberechi Eze fires Crystal Palace to FA Cup glory against Man City

    Crystal Palace relegated to Conference League as Lyon retains Europa spot over ownership conflict

    July 11, 2025
    June salary: FG cites technical glitch for delay in workers' payments

    June salary: FG cites technical glitch for delay in workers’ payments 

    July 11, 2025
    Bandits kill six, kidnap others in Katsina

    Bandits kill six, kidnap others in Katsina

    July 11, 2025
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