By Adeyemi Adepetun 14 November 2023 | 3:18 pm THERE are indications that MTN Nigeria is seriously eyeing stakes in its competitor, 9mobile. According to information gathered on Tuesday, barring any last-minute change, MTN Nigeria and Emerging Markets Telecommunications Service Limited (EMTS), trading as 9mobile in Nigeria are in advanced stage of spectrum trade negotiations as a viable option for closing a telecoms… MTN THERE are indications that MTN Nigeria is seriously eyeing stakes in its competitor, 9mobile. According to information gathered on Tuesday, barring any last-minute change, MTN Nigeria and Emerging Markets Telecommunications Service Limited (EMTS), trading as 9mobile in Nigeria are in advanced stage of spectrum trade negotiations as a viable option for closing a telecoms deal. Technology Times reports that the spectrum trade option is being considered to revive the ailing 9mobile after the telecommunications firm fell on hard times in the wake of the exit of its key technical partner and investors, Mubadala of United Arab Emirate (UAE) in 2017. While the spokesperson for 9mobile, Chinese Amanfo didn’t pick her call to confirm the authenticity of the story, however, a source in MTN told The Guardian that the deal is serious and very much on between the two telecommunications firm. According to the source, “the deal is on between the two firms. MTN will start with the spectrum and you know the implication of that. Spectrum is the life wire of any telecoms firm. It is still unfolding and more developments would be revealed in the coming weeks.” However, a very close source to 9mobile, who spoke with The Guardian, also on anonymity, said there was no substance in the news flying up and down in the media. “If you read the story very well, you will see that it is disjointed. One place, it talks about spectrum, another MNVO, later Globacom COO. I believe strongly that if 9mobile wants to sell stakes to MTN, the management would come out clear and straight about. There is absolute no direction in the story currently making the round in the media,” he stated. Details later……………. 1 hour ago The Nigeria Labour Congress (NLC) has responded to allegations made by Bayo Onanuga, Special Adviser to the President on Information and Strategy, in a statement titled “Bayo Onanuga’s Mischief and the Tragedy of a Nation.” 1 hour ago The Inspector General of Police, IGP Kayode Adeolu Egbetokun, NPM, on Tuesday commended all police officers and operatives of other security agencies for the conduct of elections in Bayelsa, Imo and Kogi States on Saturday, November 11, 2023. 1 hour ago An 11-year-old boy named Nelson George has taken legal action against Limi Children’s Hospital Limited, filing a ₦100 million lawsuit over alleged misdiagnosis and mistreatment that resulted in the damage to one of his testes. 1 hour ago THERE are indications that MTN Nigeria is seriously eyeing stakes in its competitor, 9mobile. According to information gathered on Tuesday, barring any last-minute change, MTN Nigeria and Emerging Markets Telecommunications Service Limited (EMTS), trading as 9mobile in Nigeria are in advanced stage of spectrum trade negotiations as a viable option for closing a telecoms… 2 hours ago Women have been charged to develop visionary mindset when handling their businesses and take advantage of the benefits of collaborating with one another. 3 hours ago As Nigeria joined the world to mark the World Diabetes day, Roche Diabetes Care and health experts have decried the rise of diabetes cases globally, and the high risk of developing type 2 diabetes in Nigeria and other developing nations. 3 hours ago The All Progressives Congress (APC) in Kogi State has called on security agencies to immediately arrest the candidate of the Peoples Democratic Party (PDP) in Saturday’s governorship election, Senator Dino Melaye, for cyber crime. 3 hours ago Lawmakers from Somalia on Monday called for a better collaboration that would enhance the relationship between the Nigerian and Somalian parliaments. They made the call during a separate visit to the Nigerian Senate President, Godswill Akpabio, and Speaker, House of Representatives, Tajudeen Abass in Abuja led by Sahuur Haji Ulusow – MP and Chairperson of… 3 hours ago An expert in the real estate industry, Tosin Fatukasi has urged the Federal Government to ensure regulations are put in place to curtail fraudulent activities in the sector. 3 hours ago Nigeria and the European Union Agency for Criminal Justice Cooperation, (Eurojust), have signed a working arrangement to enable structured and closer cooperation in the fight against organised crime groups, (OCGs).
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