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9mobile Attracts 16 Expressions of Interest From Potential Bidders

Sixteen telecom firms have submitted expressions of interest (EoIs) to Barclays Bank to bid for 9mobile, Nigeria's fourth largest network operator, ThisDay reported. Companies that have expressed interest in what used to be Etisalat Nigeria  include MTN, Airtel, and ntel.

Also in the race are Bua Group, the privately held conglomerate promoted by Alhaji Abdulsamad Rabiu;

Morning Side Capital Partners, promoted by the former managing director of Diamond Bank, Alex Otti; and Africell, a subsidiary of the Lebanon-based Lintel Group of Companies, with mobile operations in the Democratic Republic of Congo (DRC), The Gambia, Sierra Leone and Uganda.

Other firms that have submitted EoIs are Obot Etiebet & Co, belonging to a former petroleum minister, Don Etiebet; Blackstone Private Equity; Tel-ology Holdings, a special purpose vehicle led by a former chief executive of MTN Nigeria, Adian Wood, and Ericsson; De-elim Services; Viettel, owned by the investment arm of the Vietnamese military; AB-Bro Limited, a Nigerian venture company; Hamilton and George International Limited; and two other firms.

Industry sources told the daily that the sixteen companies had complied with the deadline for the submission of EoIs at Barclays' office in Ikoyi, Lagos, and are preparing to access the data room to conduct their due diligence on 9mobile, preparatory for the bid submission stage.

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