9Mobile: Nigerians should be wary of speculative reports regarding sale, NCC says


On Thursday, the Nigerian Communications Commission, NCC, warned the public against paying attention to speculative reports surrounding the sale of ailing Telecom giant, 9Mobile.


According to the commission, several reports that did not tally with the process have been making the rounds in the past few weeks.

It warned that until official statements which will involve the two regulators, the NCC and the Central Bank of Nigeria, CBN was out, every other information on the sale of 9mobile should be regarded as mere speculation.

Executive Commissioner, stakeholders management of the commission, Mr Sunday Dare, on Thursday, said that although the interim board of 9mobile was in charge of the bid process, it would submit reports to Barclays Africa, the financial adviser handling the sale of the telecoms company, NCC and CBN before any authentic announcement would be made.

Dare, representing the Executive Chairman of the Commission, Prof Umar Danbatta, at the event spoke while the Commission presented the findings on the cost based study for the determination of Mobile Voice Termination rates in Nigeria, carried out by PriceWater Coopers, PwC in Lagos.

He expressed confidence in the board to maintain a transparent handling of the telecom company’s sale process knowing that any shade of opaque handling of the process will create a dangerous ripple effect on the entire telecom sector.

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