You’ll recall that few days ago, Smile mobile urged a review
of the acquisition of 9mobile, faulted the process in which Barclays Africa
announced Teleology Holdings as the preferred bidder therefore calling for process
review to ensure transparency.
of the acquisition of 9mobile, faulted the process in which Barclays Africa
announced Teleology Holdings as the preferred bidder therefore calling for process
review to ensure transparency.
However, Smile Telecom has expressed its readiness to
reposition 9Mobile within 90 days if it was allowed to acquire the enchanted troubled
firm. Speaking in Lagos, the Executive Director of Smile Telecom said 9Mobile
deserved the best and should be sold to an existing telecoms company with the
right technical expertise and financial strength to turn it around for the
highly competitive market within a few months.
reposition 9Mobile within 90 days if it was allowed to acquire the enchanted troubled
firm. Speaking in Lagos, the Executive Director of Smile Telecom said 9Mobile
deserved the best and should be sold to an existing telecoms company with the
right technical expertise and financial strength to turn it around for the
highly competitive market within a few months.
According to Smile Telecom, “The first value is that we are Nigerian company already existing in
the Nigerian telecoms space. So, we will come up with our existing assets to
boost the 9Mobile operations. We will seek the Nigerian Communications
Commission (NCC’s) permission to flip our existing 800MHz frequency to 9Mobile
to enhance its operations. What we are bringing to 9Mobile is huge.
the Nigerian telecoms space. So, we will come up with our existing assets to
boost the 9Mobile operations. We will seek the Nigerian Communications
Commission (NCC’s) permission to flip our existing 800MHz frequency to 9Mobile
to enhance its operations. What we are bringing to 9Mobile is huge.
“The second value that
we will bring to 9Mobile is the monetary value. We will bring in fresh millions
of dollars from foreign financing outside Nigeria, into 9Mobile to pay off its
indebtedness to the banks and also pay off any other group that the company is
indebted to and we will still have enough to invest in 9Mobile and make it
competitive.
we will bring to 9Mobile is the monetary value. We will bring in fresh millions
of dollars from foreign financing outside Nigeria, into 9Mobile to pay off its
indebtedness to the banks and also pay off any other group that the company is
indebted to and we will still have enough to invest in 9Mobile and make it
competitive.
However, Barclays Africa promised to “be in touch with Smile
to discuss any updates on the transaction, to the extent considered necessary.”
to discuss any updates on the transaction, to the extent considered necessary.”
Let the right company own it. All Nigerians want is a good telecommunication service with cheap data and clear connectivity
That's great. Let's see how it goes.
When will this drama end. Smile should focus on their own network infrastructure for now.
They lost the bidding process so let them leave at that.
If they were this interested why did they lose in the bidding process.
Smile still not giving up on this. Die hard. I wish them the best and would be glad if they could succeed in their fight. Let nigerian owned companies be in charge
They can do it
I trust Smile mobile
their tenacity is impressive.even their query to Barclay's africa tk review the process shows their seriousness. i wish them good sha
Hmmm smile U can still pump all those money on ur own network.
Okay. Better things to come from them.
The bidding process key to be crowned
This what we are expecting, mtn need a real competitor
Why did Smile fail to outbid Teleology?
I am so certain they will change the game.
What is in this 9mobile that they are not telling us?
Prof I saw advert of glo jumbo bonus that gives all customers free airtime of N200,000. How true is it?
I hold they will make use smile @ the end of the day
Na so we dey hear
Y EYE Smile still dey make mouth why they no go borrow and make there network as big as 9mobile if smile take over they can't offer anything because the small network they have now can't not offer anything so if th ey take over 9mobile they can't offer NETHER
Let the right company own it. i. rep http://9jawibe.xtgem.com
Let them invest on their infrastructure… They a look at ntel is far better than this smiles guys
I think it's too late, let them move on and focus on making smile bigger