NCC Yet to Receive Notice on 9Mobile Preferred Bidder

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Enterprise Television- NCC Yet to Receive Notice on 9Mobile Preferred Bidder

Contrary to reports that the interim board of 9mobile has sent a notice to the telecoms industry regulator, the Nigerian Communications Commission (NCC), on the choice of their preferred bidder for the sale of 9mobile, NCC yesterday denied ever receiving such notice.

The Executive Commissioner, Stakeholders Management, Sunday Dare said that NCC would not take the interest of a particular bidder above others, but that the commission would be glad if 9mobile is eventually sold to a financially capable investor that is willing to invest in 9mobile.

Dare disclosed that NCC is yet to receive any official notice from 9mobile, indicating its choice for the preferred and reserve bidder of the telecoms company,” Dare said.

NCC’s comment, puts to rest, the report making the rounds that Barclays Africa, the financial adviser handling the sale of 9mobile has submitted its recommendations to the interim board of 9mobile, who met last week and adopted Teleology Holdings Limited as the preferred bidder and Smile Holdings Limited as the reserve bidder.

According to Dare, since Barclays Africa has submitted its recommendations to the interim board of 9mobile, the board would meet, make their selection and communicate same to NCC and the Central Bank of Nigeria (CBN).