Emma Okonji
Fresh facts have emerged on why the sale of 9mobile still lingers despite the declaration of Teleology Holdings Limited as the preferred bidder by Barclays Africa, the financial adviser handling the sale.
The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta, who disclosed this in an interview with THISDAY in Durban, South Africa, revealed that the delay in handing over 9mobile to Teleology was as a result of the unpaid $100 million outstanding debts, which 9mobile was supposed to pay to equipment suppliers and contractors like Huawei, IHS and Nokia, among others.
Although he said the $100 million as well as others were classified outside the $1.2 billion loan that the telecoms company owed the 13 local banks.
He, however, explained that the payment of the outstanding sum was part of…
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