The scramble to acquire 9mobile, Nigeria’s fourth largest network operator, has advanced to the next stage, with 10 out of the 16 firms that submitted expressions of interest (EoIs) for the telecoms firm, prequalified by Barclays – the financial adviser to the deal – to proceed to the financial bid stage of the exercise.
Sources conversant with the deal informed THISDAY that the 10 firms, having passed the technical evaluation bid stage, have been prequalified to submit their financial bids for the acquisition of 9mobile.
As part of the financial bid process, the companies will also be required to submit bid bonds of $150 million each as evidence of their capacity to pay for the acquisition of 9mobile.
THISDAY, November 20, 2017
RipplesNigeria… without borders, without fears
Click here to join the Ripples Nigeria WhatsApp group for latest updates.
Ripples Nigeria
www.ripplesnigeria.com
Latest posts by Ripples Nigeria (see all)
- ‘Recruiting Miyetti Allah into Amotekun is like recruiting demons into an army of angels’ —Fani-Kayode - February 26, 2020
- Gas flaring costs Nigerian Govt N128bn revenue loss in 11 months - February 26, 2020
- CORONAVIRUS: Algeria confirms first case as Italy battles to contain outbreak - February 26, 2020
