Business This is why Airtel withdrew from 9mobile bid process – Nairametrics

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Inside sources at India’s largest telecoms operator, Bharti Airtel has revealed the reason the telco withdrew from submitting a bid before the deadline for the sale of debt-ridden 9mobile.

According to the source,
  • Bharti Airtel does not see much value in buying debt-laden Nigerian rival 9mobile and withdrew from submitting a firm bid before the deadline.
  • Airtel did not have sufficient information to make an informed bid but added that privately-held Nigerian telecoms firm Globacom had submitted a financial bid.

Segun-Ogunsanya-MD-Airtel.jpg

via Nairametrics – http://ift.tt/2DZmiOu

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