By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Daily Report NigeriaDaily Report NigeriaDaily Report Nigeria
Notification Show More
Font ResizerAa
  • HOME
  • NEWS
  • POLITICS
  • METRO
  • ENTERTAINMENT
  • SPORTS
  • FACT FILE
  • SPECIAL REPORT
Reading: MTN Nigeria to Purchase 9mobile
Share
Font ResizerAa
Daily Report NigeriaDaily Report Nigeria
  • METRO
  • NEWS
  • POLITICS
  • SPECIAL REPORT
  • FACT FILE
Search
  • HOME
  • NEWS
  • POLITICS
  • METRO
  • ENTERTAINMENT
  • SPORTS
  • FACT FILE
  • SPECIAL REPORT
Have an existing account? Sign In
Follow US

Home | MTN Nigeria to Purchase 9mobile

Business

MTN Nigeria to Purchase 9mobile

Tapre Timine
Tapre Timine
Published: June 16, 2025
Last updated: June 16, 2025
2 Min Read
Share
MTN Nigeria to Purchase 9mobile | Daily Report Nigeria
SHARE

MTN Nigeria, the largest mobile network operator in Nigeria, has reportedly expressed interest in purchasing the spectrum license of 9mobile (formerly known as Etisalat).

The move is part of MTN’s strategic expansion plans in the Nigerian telecommunications market.

Reports suggested that Teleology Holdings Limited emerged as the preferred bidder for 9mobile.

ATTENTION: Click “HERE” to join our WhatsApp group and receive News updates directly on your WhatsApp!

The acquisition process was supervised by Barclays Africa, the transaction advisors.

Teleology, a private equity firm with an impressive investment portfolio of $11 billion, offered more than $500 million to acquire the mobile network.

In the final round of the takeover bid, Teleology competed against Smile Communications.

Teleology is led by Mr Adrian Wood, the former Chief Executive Officer (CEO) of MTN Nigeria.

Wood, an economist trained at Cambridge and Harvard Universities, played a pivotal role in the acquisition process.

Interestingly, after leaving MTN, Wood had previously attempted to acquire Nigeria’s pioneer national operator, Nigeria Telecommunications Limited (NITEL).

The ongoing conversation between Emerging Markets Telecommunication Services Limited and MTN Nigeria revolves around the acquisition of 9mobile’s operating spectrum.

The deal aims to enhance MTN’s network capabilities and strengthen its position in the competitive Nigerian telecom industry.

Rumors about MTN Nigeria’s discussions with 9mobile have surfaced, but MTN has denied any concrete plans for a takeover.

A source said:
“Go and read the story very well. If you read the story very well, you will discover that the author is perambulating. So, I do not know which of the many issues raised is worthy of being responded to.

“At one breadth, the author says it is spectrum; in another, it is MNVO. If 9mobile wants to sell stakes to MTN, the management would come out clear and straight about.”

However, the situation remains fluid, and industry watchers are closely monitoring further developments.

Another close source said:
“There are conversations around that area and details will be made known later.”

For publication of Press Releases, Statements, and Advert Inquiries, send an email to info@dailyreport.ng
TAGGED:9mobileMTNTop Stories
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest Updates

Club World Cup : New Signing Pedro Shines with Debut Brace as Chelsea Reach Final | Daily Report Nigeria
Club World Cup : New Signing Pedro Shines with Debut Brace as Chelsea Reach Final
Sports
Atiku Presents BVAS, PVCs as Evidences Before Tribunal
2027: I Won’t Step Down For a Southern Candidate – Atiku
Politics
U.S. slashes visa duration for Nigerians to 3 months | Daily Report Nigeria
U.S. slashes visa duration for Nigerians to 3 months
News
IYC Obotebe Congratulates Otuaro on Amnesty Administrator Appointment
2027: Otuaro rallies Niger Delta behind APC’s endorsement of Tinubu for second term
Politics
Dangote refinery
Dangote slashes petrol price to N820 per litre
Business

TOPIC

2023 Elections Abuja Accident AFCON Anambra APC Arrest ASUU ASUU Strike Atiku Abubakar Bandits Bayelsa BBNaija Biafra Boko Haram Bola Ahmed Tinubu Bola Tinubu Breaking News Breaking News Nigeria Burna Boy Burutu CBN Celebrity news Chelsea Coronavirus court covid-19 Crime Daily Report Ng Daily Report Nigeria Daily Sports News Davido Delta Delta state DSS Education EFCC Elections English Premier League EPL Family federal government FG FIFA World Cup Football Fraud Godwin Emefiele Goodluck Jonathan Governor Nyesom Wike Gunmen Health Ifeanyi Okowa Imo INEC Insecurity IPOB IYC JAMB Kaduna Kidnap Labour Party Lagos Lagos State Manchester United Marriage Muhammadu buhari Music NASS NDDC NDLEA Niger Delta Nigeria NLC Nnamdi Kanu NNPC Nollywood Nyesom Wike Olusegun Obasanjo Pastor PDP Peter Obi Police Politicians President Bola Ahmed Tinubu President Muhammadu buhari Professor Yemi Osinbajo Protest Rape Reno Omokri Rivers State Senate Sheriff Oborevwori Social Media Suicide Super Eagles Tinubu Top Stories Twitter Victor Osimhen Zamfara

You Might Also Like

Consider Your Age, Stop Threatening Nigeria’s Unity – Northern Elder Tells Edwin Clark

June 14, 2025
Tinubu Supporters Protest at EU Secretariat
News

UPDATED: Tinubu Supporters Protest at EU Secretariat

June 15, 2025
Diphtheria Outbreak Kill 520 Children in Kano | Daily Report Nigeria
News

Diphtheria Outbreak Kill 520 Children in Kano

June 13, 2025
Tinubu to Embark on Official Visit to Equatorial Guinea | Daily Report Nigeria
Politics

Tinubu to Embark on Official Visit to Equatorial Guinea

June 14, 2025
© Daily Media N Publishing LTD. All Rights Reserved.
  • Home
  • About Us
  • Adverts With Us
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?