acquiring 9mobile, 10 made it through the first stage of screening and now, we
have only 5 bidders left. One out of the 5 bidders left will be the buyer of
9mobile in a matter of weeks.
stage in which 1 will emerge winner. 9mobile has been standing on one.
on the block early this year after it defaulted on a $1.2 billion loan from a
consortium of 13 Nigerian banks. Etisalat Group the mother company in Abu Dhabi
backed out leaving its Nigeria arm of business to fate, to survive on a new
operator, has lost subscribers. In October its total number of users had fallen
to 17.1 million, giving it a 12.2 percent market share, from 20 million
subscribers with a 14 percent share earlier this year.