Glo has not acquired 9Mobile

Telecommunications giant, Globacom, has distanced itself from media reports which insinuated that it was the preferred bidder to acquire telecommunications company, 9Mobile.

A press statement issued in Lagos on Friday said: “Globacom has not acquired 9Mobile as widely reported in the media.”

According to the company, "We are bound by the terms of the acquisition process as stipulated by the authorities handling it and we will not in any way sway or deviate from the rules".

“We repose confidence in Barclays Africa, the Nigerian Communications Commission (NCC) and the Central Bank of Nigeria (CBN) which are handling the process that will lead to the emergence of a new owner for the company”.

Globacom urges all stakeholders and, indeed, the Nigerian public to disregard the report.