9Mobile’s New Investors To Emerge December
9Mobile journey into Nigeria's business eco-system has begun and the new brand knows there's a lot of work to be done.
It needs new financiers and there is strong indication a new one will emerge by December 2017.
The Governor of Central Bank of Nigeria, CBN, Mr Godwin Emefiele who disclosed this to newsmen on Tuesday in Abuja, said the new investor must emerge over the next 5 months because the current board of the telecom company is interim and not supposed to last beyond 180 days.
Emefiele’s position is giving credit to the rumours that many telecom companies, including Bharti Airtel of India, Vodafone of United Kingdom and France’s Orange mobile, are jostling to grab the 65% shareholding open to new investors.
This follows the exit of Mubadala and Emirates Telecom Services of United Arab Emirates.
“We expect that businesses should operate profitably, but we also expect that whatever decision they take should not hurt other important stakeholders in that industry,” the apex bank chief told journalists.
He added: “Etisalat employs over 4000 people and if you understand the likely impact of an adverse consequence of losing the company on the lives of these 4000 people directly and indirectly, it is important that we do not allow any creditor that feels disadvantaged to take a decision that negatively affects other stakeholders.”