Following the expiration of the January 16 deadline for the submission of financial offers for the acquisition of 9mobile, media reports have indicated that only two firms have made a financial offer for the company.
The Cable said the two firms are Teleology Holdings Limited and Smile Telecoms Holdings. While Smile is offering about 300 million US dollars, it is no match for Teleology’s over $500m offer for the company.
Although Airtel Nigeria, Globacom and Helios Investments Partners LLP were linked to the deal, they reportedly did not make any offer. Bharti Airtel reportedly withdrew from the race because it found that “many things are not obvious in the whole process.” The source added that “Airtel believes that too much is hidden on 9mobile’s health, and that it is too risky for anyone to buy the company.”
In addition to issues regarding the actual financial health of 9mobile, the firm’s sale has been complicated by the court verdict obtained by Spectrum Wireless Communications Ltd as previously reported by TechCity.
The Federal High Court disavowed the 9mobile interim board of directors, at the heart of the entire telecom company’s sales transaction. A disavowal that involves a consequential cancellation of all decisions made in the sale of 9mobile.
As an Amazon Associate, TechCity may earn a small commission if you shop these products.
Misxi 2 Pack Hard PC Case with Tempered Glass Screen Protector Compatible with Apple Watch Series 6 SE Series 5 Series 4 44mm, Black
$9.96 (as of April 24, 2024 07:25 GMT +01:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
D'Addario Guitar Strings - Acoustic Guitar Strings - 80/20 Bronze - For 6 String Guitar - Deep, Bright, Projecting Tone - EJ11 - Light, 12-53
$5.99 (as of April 24, 2024 07:25 GMT +01:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Amazon Basics XLR Microphone Cable for Speaker or PA System, All Copper Conductors, 6MM PVC Jacket, 6 Foot, Black
$9.11 (as of April 24, 2024 07:25 GMT +01:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Apple AirTag
$24.00 (as of April 24, 2024 07:25 GMT +01:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Apple AirPods (2nd Generation) Wireless Ear Buds, Bluetooth Headphones with Lightning Charging Case Included, Over 24 Hours of Battery Life, Effortless Setup for iPhone
$89.00 (as of April 24, 2024 07:25 GMT +01:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
TP-Link AX1800 WiFi 6 Router (Archer AX21) – Dual Band Wireless Internet Router, Gigabit Router, Easy Mesh, Works with Alexa - A Certified for Humans Device
$84.99 (as of April 23, 2024 07:25 GMT +01:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Charger for Lenovo Laptop, Thinkpad, Yoga, USB C, 65W 45W (UL Safety Certified)
$15.99 (as of April 23, 2024 07:25 GMT +01:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Dell 65W USB-C Laptop Charger for XPS and Latitude 5000 - Power Cord Included
$25.68 (as of April 23, 2024 07:25 GMT +01:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Amazon Fire Max 11 tablet, vivid 11” display, all-in-one for streaming, reading, and gaming, 14-hour battery life, optional stylus and keyboard, 64 GB, Gray
$179.99 (as of April 23, 2024 07:25 GMT +01:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
