Even after rebranding and changed the name of Etisalat Nigeria to 9Mobile, the company is still in the hour of decision over a $1.2bn loan owed a consortium of 13 banks.
The 9Mobile is said to be open to a new investor that is willing to invest heavily in the telecoms company in such a way that it will have the required amount of money to offset its $1.2 billion bank loan.
Not fewer than ten companies have expressed interest in acquiring 9Mobile which has over 16 million registered subscribers in Nigeria.
Reports had it that the 10 firms have passed the technical evaluation bid stage and have been pre-qualified to submit their financial bids for the acquisition. As expected, the highest bidder will now get the nod to own 9mobile. Check out the list arranged alphabetically below.
List of Companies That Want to Purchase 9Mobile
1. Abraaj Capital
2. Africa Capital Alliance
4. Alheri Engineering
5. Carlyle Group
6. Centricus Capital and Africell
8. Helios Towers
9. Smile Telecoms Holdings
10. Teleology Holdings
Each of the above firms is required to submit a $150m bond in order to proceed.
Which of the companies do you think is likely to submit the best bid and eventually acquire the network?