….Submit EoI at Barclay’s office Indication has emerged that 16 companies had complied with the deadline for the submission of Expression of Interest (EoIs) at Barclays’ office in Ikoyi, Lagos, preparatory to accessing the data room to conduct their due diligence on 9mobile, subsequent preparatory for the bid submission stage. So far, industry sources has […]
9mobile has again affirmed its commitment to positive customer experience by partnering with Total Spin, a subsidiary of TIMWE Group, to reward customers in a promo tagged Digital Business Promo over the weekend. The promo which had three categories: “Spin the Wheel”, “Make a Wish” and “Sports Promo”, is one of the many innovative platforms […]
The trouble with the embattled 9Mobile, formerly Etisalat Nigeria, one of the players in the competitive Nigerian telecommunications’ sector, may not yet be over, as the 13 consortium of banks, led by Access Bank Plc, which gave a loan amounting to $1.2 billion to the firm are re-strategising to recoup their investments in the company. […]
Nigeria’s Access Bank said Wednesday it had booked a 4 billion naira ($13 million) impairment on its loan to troubled telecoms firm 9mobile, formerly known as Etisalat Nigeria. Herbert Wigwe, Access Chief Executive said the bank had a direct exposure of 11 billion naira to 9mobile, as well as an exposure of 35-39 billion naira […]
Telecoms subscribers on the 9mobile network are complaining about the services provided by the company since July this year, when it changed its name from Etisalat Nigeria. Most of its subscribers have taken to social media to vent their anger concerning the company’s terrible network, especially its data services. According to multiple online sources, the […]
Zenith Bank says it has made a provision of 30 percent on its loan to 9mobile, the country’s fourth largest telecoms company. “We have taken about 30 percent … as a provision which we believe is very prudent as the company is undergoing restructuring to prepare for a new investor,” the bank’s Chief Executive Officer, […]