Globacom is set to puchase the 9mobile netwrok following a $1.72 billion debt default and the exit of its parent UAE-based body, Etisalat Nigeria. The company was taken over by creditors in July 2017 and re-branded as ‘9mobile’. Since then, there have been speculations over who could possibly acquire the telecoms company, especially after the 16-day deadline extension on December 31st.
However, according to reports, the Nigerian Communication Commission (NCC) has been rumoured to have finally approved the sale of 9mobile to Globacom Nigeria, with official handover set for January 16, 2018.
This transaction would see Globacom add 9mobile’s 17 million subscribers to its network, thereby taking over MTN's unrivalled spot as the largest network in Nigeria.