Nigeria: 9Mobile – Smile Faces Disqualification As Reserve Bidder

Smile Communications Nigeria Limited’s failure to disclose that it’s Nigerian shareholders have ongoing and challenging debt to a consortium of banks is threatening it’s position as the reserve bidder for the sale of 9mobile. The telco data company has been accused of not only presenting false information in the bidding round but that is now attempting to derail the ongoing sale…

Read full story here

Leave a Reply

Your email address will not be published.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