NCC: Jan 16 Deadline for Conclusion of 9mobile Sale is Sacrosanct

Contrary to reports making the rounds that the date for the planned sale of 9mobile has been shifted from January 16 to February 16, 2018, the Executive Commissioner, Stakeholders Management, Nigerian Communications Commission (NCC), Mr. Sunday Dare, said there would be no shifting of date, insisting that the sale must be concluded January 16 this year, and 9mobile will be handed over to its new owner on that same date.

Dare who spoke to THISDAY in a telephone conversation, said NCC was not prepared to shift the date any further.

Barclays Africa, the financial adviser handling the sale of 9mobile, had the initial mandate of December 31, 2017 to conclude the sale of 9mobile and hand it over to its new owners, but citing the risk posed by the 2017 year-end deadline for submission of bidding offers by prospective bidders for the purchase of 9mobile, the telecoms company wrote to the Central Bank of Nigeria and the NCC, asking for extension of date from December 31, 2017, to January 16, 2018, and it was approved.
THISDAY, January 5, 2018

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