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LequteMan
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Nigerian billionaire Mike Adenuga has launched a $600m takeover bid of Comium Cote d'Ivoire, an Ivorian Telecoms Company that has been grappling with debt and cash flow problems, Telegeography reports.
If the deal goes through, Globacom will have succeeded in extending its brand presence in West Africa.
Already, the mobile telecoms operator has operations in Nigeria, Ghana and Benin Republic. Globacom, which already owns an international carrier services licence in Cote d’Ivoire, reportedly plans to invest over $1 billion in upgrading Comium-CI’s network over three years.
Comium CI has more than 900,000 mobile subscribers according to L’Autorite de Regulation des Telecommunications.
It is a subsidiary of Comium Group, a Lebanon-based telecommunications company owned by Lebanese businessman Nizar Dalloul.
The group operates as a multi-service provider on four continents, specializing in Wireless Data Networks, GSM communications, Internet service provision and VoIP. Comium CI is heavily enmeshed in debt to the tune of more than $25 million and has been given until 15 May to pay off its debts or risk being placed into receivership.
#Nigeria #MikeAdenuga
If the deal goes through, Globacom will have succeeded in extending its brand presence in West Africa.
Already, the mobile telecoms operator has operations in Nigeria, Ghana and Benin Republic. Globacom, which already owns an international carrier services licence in Cote d’Ivoire, reportedly plans to invest over $1 billion in upgrading Comium-CI’s network over three years.
Comium CI has more than 900,000 mobile subscribers according to L’Autorite de Regulation des Telecommunications.
It is a subsidiary of Comium Group, a Lebanon-based telecommunications company owned by Lebanese businessman Nizar Dalloul.
The group operates as a multi-service provider on four continents, specializing in Wireless Data Networks, GSM communications, Internet service provision and VoIP. Comium CI is heavily enmeshed in debt to the tune of more than $25 million and has been given until 15 May to pay off its debts or risk being placed into receivership.
#Nigeria #MikeAdenuga