NCC has No Preferred Bidder for 9mobile – Ojobo

Ojobo

The Nigerian Communications Commission, NCC,  has no preferred bidder to acquire 9Mobile, according to Tony Ojobo, director, Public Affairs of the commission.

Ojobo made the clarification in a statement following media reports that the NCC already have a preferred bidder.

The statements stated that 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 said.

According to him, “An approval of the request for extension of time by the 9Mobile Interim Board was given by the 2 regulators – NCC and CBN. This set the deadline for the receipt of binding offers from the prospective bidders till 16th January 2018.

“Contrary to speculations that a “winner” will be announced on the same day (i.e. 16th of January, 2018) we wish to clarify that Barclays is expected to review the bids received by the deadline and to make recommendations to the 9Mobile Interim Board thereafter.

“The NCC and CBN will be duly notified once the 9Mobile Interim Board accepts Barclays’ recommendations and a winning bid is determined in accordance with the terms of the exercise.”

The statement said 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.

” The Commission trust that the foregoing sufficiently clarifies the position of the transaction and that it lays to rest any apprehensions regarding the unfounded media publications on the sale,” he said.

  • – Jan. 13, 2018 @ 1:22 GMT /

LEAVE A REPLY

Please enter your comment!
Please enter your name here