Glo denies acquiring 9Mobile

Telecommunications giant, Globacom, has denied reports that it is the most preferred bidder to acquire Telecommunications Company, 9Mobile, formerly Etisalat.

The Company, in a statement in Lagos explained that it has not acquired 9Mobile as widely reported in the media.

Globacom said it is bound by the terms of the acquisition process as stipulated by the authorities handling it and will not in any way sway or deviate from the rules.

The telecommunication firm said it reposes 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.

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