Tag Archives: Airtel

Inside Nigeria’s Telecom Exploitation Crisis Draining Household Budgets

For about a year now, millions of Nigerians relying on the internet to make a living have been groaning over the manipulation of airtime and data consumption that has turned into a relentless drain on household budgets. Painfully, individuals and businesses buying airtime or data increasingly feel less like paying for a service and more like entering a wager whose odds are permanently stacked against the consumer.

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EXCLUSIVE: Airtel to list on NSE July 5

Airtel Africa will list its shares on the Nigerian Stock Exchange (NSE) on Friday, July 5, TheCable understands. The company listed its shares on the London Stock Exchange on Friday morning and is expected to announce its share price for the NSE listing. According to the listing prospectus, Airtel hopes to raise $750 million through listings on the Nigerian Stock …

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Retail Investors Adopt SPVs For Airtel’s N325.25b IPO

Retail investors have opted for the use of special purpose vehicles (SPVs) to aggregate funds and buy into the ongoing initial public offering (IPO) by Airtel Africa Plc. Airtel Africa Plc is raising up to N325.25 billion in a combined global and Nigerian IPOs.

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Airtel, 9mobile Oppose Transfer Of Visafone’s Spectrum To MTN

Airtel and 9mobile, mobile network operators in the country, have opposed the transfer of an 800MHz from Visafone Communications to MTN Nigeria. Speaking in Abuja on Monday at a public inquiry organised by the Nigerian Communications Commission (NCC), representatives of the operators said transferring the spectrum to MTN could result in a monopoly. Chidozie Arinze, 9mobile’s head of regulatory affairs, …

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Glo, Airtel, Three Others Bid To Take Over 9mobile

9mobile-

Five firms are bidding to acquire troubled telecom firm 9Mobile (formerly Etisalat), The Nigerian Communications Commission (NCC) said yesterday. It was learnt that the five were picked as qualified among the 16 that Expressed Interestto Barclays bank, the financial advisers on the bid. NCC Executive Vice Chairman Prof. Umar Danbatta said yesterday the five successful bidders had been “allowed access …

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