9mobile Would Only Be Sold To Bidder With Technical Competence – NCC

NCC Insists On Sale Of 9mobile To Bidder With Technical competence

NCC Lists Condition For Final Sale Of 9mobile

The Nigeria Communications Commission (NCC) has listed technical competence as part of conditions which must be fulfilled for it to approve the sale of 9mobile to any bidder.

The Executive Vice Chairman, NCC, Prof. Umar Danbatta, said this in Lagos on Monday in an interview with journalists.

The NCC boss added that the bidder was already undergoing financial evaluation.

Naija News, earlier reported that Teleology Holdings Limited, has emerged as the preferred bidder for 9mobile with the full participation of the NCC.

The preferred bidder for 9mobile, Teleology Holdings Limited, has paid $50m as 10 per cent of the bid price for the acquisition of the country’s fourth largest mobile operator, while Smile Communications is the reserved bidder.

Danbatta stated, “Once the Central Bank of Nigeria has done the financial evaluation of the bidder, the NCC will also examine the technical capacity of the preferred bidder.

“If the financial evaluation process was not done properly, the CBN will address questions on that; the examination process is meant to be open and transparent. The board of 9mobile was given the mandate with these requirements in mind.”

Danbatta also revealed that the NCC had licensed four infrastructure companies, “Recently, Zinox Technology Limited was licensed for broadband infrastructure provisioning for the South-East zone, while Brinks Integrated Solutions Limited was issued a licence for the North-East zone.”