Smile Telecom has expressed its readiness to reposition 9Mobile within 90 days if it was allowed to acquire it, as they have formally urged a review of the acquisition of 9mobile by Teleology Holdings, thereby faulting the whole process in which Barclays Africa concluded the bidding to ensure transparency.
According to Executive Director of Smile Telecom, “The first value is that we are Nigerian company already existing in the Nigerian telecoms space. So, we will come up with our existing assets to boost the 9Mobile operations. We will seek the Nigerian Communications Commission (NCC’s) permission to flip our existing 800MHz frequency to 9Mobile to enhance its operations. What we are bringing to 9Mobile is huge.
“The second value that we will bring to 9Mobile is the monetary value. We will bring in fresh millions of dollars from foreign financing outside Nigeria, into 9Mobile to pay off its indebtedness to the banks and also pay off any other group that the company is indebted to and we will still have enough to invest in 9Mobile and make it competitive.
However, reports indicate that Barclays Africa has promised to “be in touch with Smile to discuss any updates on the transaction, to the extent considered necessary.”