‘We won’t sell 9mo­bile to bid­der with­out tech­ni­cal com­pe­tence’

The Punch - - BUSINESS & ECONOMY -

Th E Nige­ria Com­mu­ni­ca­tions Com­mis­sion has said it will not ap­prove the sale of 9mo­bile to any bid­der with­out tech­ni­cal com­pe­tence.

The Ex­ec­u­tive Vice Chair­man, NCC, Prof. Umar Dan­batta, said this in La­gos on Mon­day in an in­ter­view with jour­nal­ists, ac­cord­ing to the News Agency of Nige­ria.

he said that a pre­ferred bid­der for 9mo­bile had emerged with the full par­tic­i­pa­tion of the NCC, adding that the bid­der was al­ready un­der­go­ing

fi­nan­cial eval­u­a­tion.

The pre­ferred bid­der for 9mo­bile, Tele­ol­ogy hold­ings Lim­ited, has paid $50m as 10 per cent of the bid price for the ac­qui­si­tion of the coun­try’s fourth largest mo­bile op­er­a­tor, while Smile Com­mu­ni­ca­tions is the re­served bid­der.

Dan­batta stated, “Once the Cen­tral Bank of Nige­ria has done the fi­nan­cial eval­u­a­tion of the bid­der, the NCC will also ex­am­ine the tech­ni­cal ca­pac­ity of the pre­ferred bid­der.

“If the fi­nan­cial eval­u­a­tion process was not done prop­erly,

the CBN will ad­dress ques­tions on that; the ex­am­i­na­tion process is meant to be open and trans­par­ent. The board of 9mo­bile was given the man­date with these re­quire­ments in mind.”

Dan­batta also said that the NCC had li­censed four in­fras­truc­ture com­pa­nies, adding, “Re­cently, Zi­nox Tech­nol­ogy Lim­ited was li­censed for broad­band in­fras­truc­ture pro­vi­sion­ing for the South-east zone, while Brinks In­te­grated So­lu­tions Lim­ited was is­sued a li­cence for the North-east zone.”

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