Home Business Glo Denies Media Reports Of Acquiring 9Mobile

Glo Denies Media Reports Of Acquiring 9Mobile


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

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

“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.”

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


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