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BHARTI AIRTEL FIGHTS GLOBACOM, EIGHT OTHERS FOR 9MOBILE




Bharti Airtel is currently attacking Globacom, Dangote (Alheri Engineering) and seven others for 9mobile, formerly the local unit of Etisalat , as bankers push to complete a sale by December 31.

The Custodian assembled that Abraaj Capital, Africa Capital Alliance, Carlyle Group, Centricus Capital and Africell , Helios Towers, Smile Telecoms Holdings and Teleology Holdings are the companies seriously bidding to takeover  9Mobile by year-end, the bidding process is being handled by Barclays Africa. 9mobile is being sold after regulators saved the company from collapse when both an investment fund and Etisalat left the country in June following the default of a $1.2 billion loan.

Market Experts expected that the battle for the humanity of 9Mobile rest confidently between Globacom and Airtel because of their financial war chest and experiences in the Nigerian market should either be successful in the proposal; the additional connections may see them overtake MTN as market front-runner.

Airtel is presently the third largest operator in Nigeria with 35 million customers as at October representing 25 per cent market share. Globacom   is second after MTN. Globacom controls 26.6 per cent market share and 37 million customers, MTN, with 50.7 million customers, controls 36 per cent market share. The statistics displayed that Airtel is confronting Globacom for second position in the Nigerian market, but despite making inroads during 2017 both are still more than 10 million connections after MTN.

Bharti Airtel denied reports that said that Airtel wants to leave three unsuccessful markets in Africa; the company denied it intention to leave Kenya, Rwanda and Tanzania and would instead pursue other options in a bid to turn a profit in the countries.Airtel added that one of its decisions was planned achievement, and repeated its aim to be one of the two largest operators in each of its African markets.

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