July 25, 2017 / 4:00 PM / 2 years ago

Former Etisalat Nigeria, 9mobile, appoints Citi, Standard Bank to find new investors

LAGOS, July 25 (Reuters) - 9mobile, formerly Etisalat Nigeria, has appointed Citigroup and South Africa’s Standard Bank to manage a sale process for the telecoms company and has received interest from three investors, a banking source close to the deal said on Tuesday.

The banking source said India’s Bharti Airtel, which already has a presence in Nigeria, has expressed interest in acquiring its rival.

Britain’s Vodafone and French telecom group Orange have also shown interest, the source said. (Reporting by Chijioke Ohuocha; Editing by Adrian Croft)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below