BREAKING! Telecoms Giant, Globacom Set To Acquire 9mobile
In a few days, all things being equal, Globacom would acquire 9mobile.
Globacom plans to buy 9mobile (formerly Etisalat) and after buying it, the network stands the possibility of emerging as Nigeria and Africa’s number one network, according to pundits in the telecoms sector.
There is no limit to Globacom’s entrepreneurial depth; the past six months for instance has heralded the telecoms giant’s ingenious marketing and penetrative business strategies. Globacom has been inundating its customers with data gifts, bumper call credits, posh carsamong other perks.
It’s data offering is also quite affordable thus establishing it as Africa’s most reliable and customer-friendly network.
Industry pundits affirm that Globacom’s acquisition of 9mobile would be an epic coup considering stiff competition from top telecoms players who have shown interest in the company.
The list of those who have tendered bid for 9mobile includes: India’s Bharti Airtel, operating as Airtel in Nigeria; Dangote Group’s telecoms business unit, Alheri Engineering Limited, which has the backing of U.S.-based Blackstone Group with an investment portfolio of $378 billion and a Nigerian subsidiary called the Black Rhino Group.
Others are Smile Telecoms Holdings, a South African telecommunications group with subsidiaries in Nigeria, Tanzania and Uganda; and Helios Towers, the former owner and operator of the largest telecoms tower network in Nigeria and other countries, before it sold its Nigerian infrastructure to IHS.
Despite the fierce competition, Globacom is expected to scale through as the only successful bidder; if it succeeds in acquiring 9mobile, Globacom will consolidate its position as the most successful player in Nigeria’s telecoms industry and the network to beat in the African telecoms sector.