Bharti Airtel to Acquire 9Mobile
I can’t count the number of times Bharti Airtel has re-branded but this time around, they want to merge with 9mobile the just re-branded Etisalat.
France’s Orange mobile and United Kingdom’s Vodafone had earlier emerged as potential bidders for the Nigerian fourth mobile network Etisalat now 9mobile. The two companies were said to be in “strong running” to buy 65 per cent of the telco.
If you recall that Vodafone lost the opportunity to operate in Nigeria during the early days of GSM as the company turned down request by the Bureau of Public Enterprises (BPE) to buy the then ailing NITEL.
Presently, Nigeria is Barti Airtel Largest market where it generates around 30% of its revenues and are looking to boost its Assets in Nigeria hence the need to acquire 9mobile.
According analyst, if Bharti Airtel acquire 9mobile, Airtel will overtake Globacom and give it power to compete with the market leader MTN. Despite the facts that Nigeria is Airtel major market, it is not among the top two operators in the country since it bought Zain Group’s sub-Saharan Africa assets.
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Bharti Airtel to Acquire 9Mobile
Reviewed by TricksBar
on
July 26, 2017
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Reviewed by TricksBar
on
July 26, 2017
Rating:
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