Connect with us

Technology

9mobile Sale: Why Glo May Finally Lose Out

Published

on

By Dipo Olowookere

There are strong indications that Globacom, one of the four GSM service providers in Nigeria, may not be given the nod to acquire the troubled 9mobile, one of the mobile phone operators in the country.

9mobile, formerly Etisalat Nigeria, is desperately in need of a new investor after it was taken over in July 2017 following a N541 billion debt.

The telecoms firm obtained a syndicated loan from 13 Nigerian banks and after it failed its repayment plan, the lenders attempted to take over the company, but the Nigerian Communications Commission (NCC) and the Central Bank of Nigeria (CBN) prevented this.

After the regulators took over Etisalat Nigeria, Mubadala Group, the major investor from the United Arab Emirates, pulled out of the firm and said its brand name must not be used any longer, leading to the birth of 9mobile weeks later.

Barclays Africa, an arm of the Barclays Group, was appointed to shop for a new buyer of 9mobile and five companies have emerged the top bidders.

The firms are Bharti Airtel, an Indian telco that owns Airtel Nigeria; Globacom, the Nigerian company owned by Mike Adenuga Jnr; Teleology Holdings Limited, promoted by Adrian Wood, the pioneer CEO of MTN Nigeria; Smile Telecoms Holdings, a telco operating in Nigeria, Tanzania, Uganda, Congo DR and South Africa; and Helios Investment Partners LLP, an investment company.

According to a report by The Cable, Globacom desperately wants to acquire 9mobile, but it would take a miracle for this to happen.

This, according to the report, is because Glo does not have the financial muscle to revive 9mobile, which hopes to clear its debt with the banks.

“It is public knowledge that 9mobile is in dire need of real financial injection because of the debts, as well as a strong governance culture in view of its recent history.

“Glo is not the most financially buoyant to revive 9mobile, neither does it have the best-practice governance culture that 9mobile requires. Adenuga runs Glo like a kiosk or corner shop, and this cannot help the situation of 9mobile,” the insider was quoted as saying by TheCable.

However, it was gathered that Mr Adenuga desperately wants to acquire the telco and this is to claim the bragging rights of the largest telecom company in Nigeria.

Glo is currently the second largest operator in Nigeria with 37 million voice and 26.8 million internet subscribers, according to the October 2017 statistics from the NCC.

If it acquires 9mobile, it will automatically become the biggest network in Nigeria by adding 17 million to voice and 11.5 million to internet subscription base, he hopes.

Combined, the new entity’s 54 million voice lines and 38.3 million internet subscriptions will surpass MTN Nigeria’s 50.7 million and 32.5 million respectively.

“This, in sum, is why Adenuga wants 9mobile badly, despite the serious challenges Glo itself is facing in its business model,” the source said.

Glo would move from its 26.4% share of the market to 38.5%, including the benefit of recording more subscribers porting to its network.

Mr Adenuga’s company currently has the lowest number of gains from porting — an average of less than 1,000 per month — while 9mobile recorded a monthly average of 12,000 porting subscribers in 2017, industry’s highest by a distance, the journal reports.

Although the transaction is being handled by Barclays Africa, an arm of the Barclays Group, the telecom regulator, NCC, and the banking watchdog, CBN are expected to play a key role in the final decision.

NCC controls 9mobile’s operating licence while CBN regulates the banks. Both intervened to save 9mobile when it was going down.

The involvement of CBN and NCC, which had previously complained about “lack of transparency” by Barclays in the transaction, is not likely to do Mr Adenuga any favours.

However, Globacom remains confident that it would win the bid.

“Dr Mike Adenuga Jnr is never tired of pushing for improvement. Globacom boasts of arguably the most inspired and most passionate workforce in the industry.

We have the edge,” an insider told TheCable, refusing to be named because of internal rules.

Glo is the second national operator (SNO), licensed to provide national backbone for other networks as well as roll out landlines across the country.

“Since Adenuga got the SNO licence in 2003, he has not yet fulfilled the conditions of the licence. This is 14 years and counting,” a senior government official told TheCable on the condition that he would not be named.

“By now, it should have rolled out landlines nationwide and provided broadband access to millions of homes. The huge benefits to the economy have been lost over time. The notion that Globacom can get such an important licence and refuse to fulfill the conditions is unacceptable.”

Globacom was recently kicked out of the Republic of Benin after failing to meet conditions for the renewal of its licence, despite the fact that it took years for the company to roll out its service as a result of regulatory requirements.

The telecom company’s services in Ghana are also not well rated.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

Click to comment

Leave a Reply

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

Technology

NCC Dangles Presidential Waivers Before Phone Manufacturers

Published

on

ncc idris olorunnimbe

By Modupe Gbadeyanka

Any phone manufacturer that builds a factory in Nigeria has been promised unprecedented policy incentives and executive alignment by the Nigerian Communications Commission (NCC).

The chairman of the industry’s regulatory agency, Mr Idris Olorunnimbe, made this pledge at the unveiling of the commission’s strategic blueprint aimed to drive domestic manufacturing of smartphones, tablets, and routing equipment.

He stated that some of the incentives to be enjoyed include specialised customs protocols and manufacturing tax holidays, to lower retail device costs for citizens.

According to him, the NCC is moving beyond mere market regulation to actively co-authoring an industrial renaissance with willing investors, highlighting the fundamental link between strong market regulations and consumer affordability.

“Regulation and market integrity are what make a market affordable in the first place. They are the precondition for it. A phone is only truly cheap if it is real, if it is safe, if it connects properly, and if it carries a warranty the buyer can rely on,” he declared.

Mr Olorunnimbe noted that the goal is to shatter the old paradigm that forces citizens to save up for months just to buy basic technology, urging the industry to “retire the assumption that a Nigerian must buy a phone outright, in one payment, on the day. That is not how it works anywhere else in the world.”

The commission’s intervention is expected to address a critical bottleneck in Nigeria’s otherwise booming telecom sector. While aggressive network expansion driven by the executive team has successfully placed coverage within the geographical reach of most citizens, the high upfront cost of compatible entry-level smartphones remains a persistent roadblock.

Central to this industrial masterplan is the integration of the hardware rollout with the NCC’s ongoing project to zero-rate educational websites across the federation. By removing data costs from educational content, the NCC is building a digital ecosystem where learning is universally accessible.

To maximise the impact of this framework, the regulator is advocating locally manufactured MiFi devices, routers, and smartphones to feature embedded, un-deletable shortcuts to national education repositories and open-source vocational training portals. This turns every locally produced device into an immediate, out-of-the-box digital classroom.

Continue Reading

Technology

Meta Reaffirms Commitment to Safer, Positive Digital Experiences for Teens

Published

on

Safety Tools for Nigerian Teens

By Modupe Gbadeyanka

Meta, the parent company of Facebook, Instagram and WhatsApp, has said it will not rest on its laurels in promoting safer and more positive digital experiences for teens.

The firm gave this assurance at the Nigeria Youth Safety Summit, which it co-hosted with the Federal Ministry of Youth Development at the Transcorp Hilton, Abuja.

This event brought together government officials, civil society organisations, parents, educators, creators and youth leaders to discuss digital wellbeing priorities, strengthen partnerships, and promote safer online experiences.

Meta used the opportunity to showcase its ongoing investments in youth safety through built-in protections, parental supervision tools, and digital literacy resources designed to help teens navigate the digital world safely and confidently.

At the centre of Meta’s youth safety efforts are Teen Accounts, a reimagined experience across Meta’s apps designed specifically for teenagers.

Teen Accounts include built-in protections that address parents’ concerns by promoting age-appropriate experiences, limiting unwanted contact, and encouraging healthier digital habits.

Teen Accounts are turned on automatically for all teens, with built-in protections including private accounts, the strictest messaging settings, sensitive content restrictions, limited interactions (tagging/mentions only from people they follow), time limit reminders after 60 minutes each day, and sleep mode between 10 pm and 7 am. Teens under 16 need a parent’s permission to change any of these settings to be less strict.

“At Meta, our goal is to provide teens with safe, age-appropriate online experiences, and events like the Nigeria Youth Safety Summit reflect our commitment to promoting safer and more positive digital experiences for teens.

“With products such as Teen Accounts, Meta is putting the right protections in place so teens can explore their interests and express their creativity in a safe, age-appropriate space.

“We will continue to build the safety features and tools that families need to support young people online,” the Head of Safety Police for EMEA at Meta, Sylvia Musalagani, stated.

“Child online safety is one of our central pillars, and we are steadfast in our mandate to safeguard the Nigerian child from technology-enabled violence. Children cannot navigate the complexities of the online world without informed adults guiding them because safety begins with the parents.

“Safety is a shared tripartite responsibility between parents, technological industries, and government. That is the fundamental premise of today’s summit, a hands-on walk-through of parental supervision tools and Teen Accounts.

“We appreciate Meta for the collaboration and for creating a platform for these important conversations,” the Minister of Women Affairs and Social Development, Ms Imaan Sulaiman-Ibrahim, said.

Also commenting, the Minister of Youth Development, Mr Ayodele Olawande, said, “We believe that keeping young people safe online is a shared responsibility. Government, technology companies, schools, parents, social organisations, community groups, and young people themselves all have a role to play. We encourage Meta to make the tools, guides, and learning materials from this initiative more widely available so that young people across Nigeria can continue to benefit from this laudable summit.”

It was learned that through keynote presentations, the Parents Learn & Brunch session held in partnership with the Federal Ministry of Women Affairs and Social Development, and panel discussions featuring parent creators and parents, participants explored practical approaches to supporting safer online engagement.

The summit also reinforced the importance of multi-stakeholder collaboration in advancing digital wellbeing and online safety for young people.

Continue Reading

Technology

9 African Firms, Others for 2026 AWS Social Entrepreneur Accelerator Cohort

Published

on

2026 AWS Social Entrepreneur Accelerator Cohort

By Modupe Gbadeyanka

Nine African organisations, including Nigeria, will join 33 others from the USA, Australia, India, the UK and others for the fourth Social Entrepreneur Accelerator cohort of Amazon Web Services (AWS).

The companies from Africa chosen for the 2026 edition of this programme are from Nigeria, Kenya, Ghana, South Africa, Cameroon and Tanzania.

These founders are using cloud and AI technology to solve skills shortages, youth unemployment and food security.  Building from the ground up, they are creating African solutions for African challenges.

Nigeria leads the selection with three organisations, namely Sabi Scholar, Kayode Alabi Leadership and Wetech Incorporated.

The chief executive of Sabi Scholar, Mr Divine Iloh, said he is creating an “operating system” for African higher education, enabling any university to launch online degrees in 30 days, a potential game-changer for the continent’s 200M+ youth population.

For Kayode Alabi Leadership, the founder, Hammed Kayode Alabi, is reducing inequalities by empowering underserved young people to lead and innovate through transformative education and technology-driven solutions to solve local challenges and thrive as community changemakers.

As for Wetech Incorporated, established by Gabriella Uwadiegwu, it is building Africa’s largest pipeline of women in technology, from training to mentorship to direct employment pathways.

Kenya follows with two organisations, KuzeKuze and STEM Centre Africa. According to the CTO of KuzeKuze, Enock Sangaka Mong’are, the organisation is building “education passports,” as digital records that follow learners throughout their lives, making personalised education measurable and scalable.

While STEM Centre Africa, a non-profit launched in 2017 by two brothers, Dancun, the CTO and Denish Akoum, the CEO, to promote hands-on STEM education, including coding, robotics and 3D design, reaching over 18,000 + students since inception, with 90 per cent gaining proficiency in Python, Scratch and electronics. Operating two centres in Homa Bay County with 10 organisational partners, SCA aims to reach 100,000 learners by 2030.

The remaining four spots are shared by Ghana, South Africa, Cameroon and Tanzania.

In Ghana, BASICS International, founded by CEO Patricia Wilkins, is breaking cycles of poverty by providing education, certified digital skills training and holistic support to underserved children and youth, equipping them to thrive academically, economically and socially.

For South Africa, FunHouse Digital, founded by Ayabulela Yokwana, is turning gaming lounges into self-sustaining education hubs in rural communities – profits from gaming directly fund free coding and digital literacy programs.

In Cameroon, EduCloud, founded by Rosius Ndimofor Ateh, delivers hands-on Cloud and AI workshops across Africa, bridging the gap between academic theory and industry-ready skills.

From Tanzania is Fiqra Academy, founded by CEO Gerald Revocatus. The firm is creating a direct pipeline from digital skills training to employment for East African youth, with certifications that lead to real careers through their digital learning platform.

In collaboration with Deloitte, the accelerator provides technical training, strategic business planning, and ongoing AWS and Deloitte support to help mission-driven organisations scale.

Since 2023, the programme has supported more than 100 social entrepreneurs across 34 countries, bringing together a global community of social entrepreneurs who are working to address some of the world’s most urgent challenges across education, health and climate resilience.

“Africa’s representation in this cohort reflects what we’re seeing across the continent: a generation of founders who don’t wait for conditions to be perfect. They build anyway.

“Our role is to ensure they have access to the same world-class cloud and AI technology as any startup in Silicon Valley and the support to scale impact across borders,” the General Manager for Sub-Saharan Africa at AWS, Jyoti Ball, stated.

Continue Reading

Trending