The recent claim by some stakeholders in the telecoms industry and particularly the reserved bidder, Smile Communications, that due process was not followed in the sale of 9mobile has been confirmed by Barclays Africa, the financial adviser handling the sale of 9mobile.
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Recent reports indicated that Teleology Holdings Limited may have been finally selected as the preferred bidder for 9Mobile, formerly Etisalat Nigeria, the country’s fourth-largest mobile network. This development may have brought to an end the acquisition process supervised by Barclays Africa...
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