Former Etisalat Nigeria, 9mobile, is open to new investors, says CEO Boye Olusanya

Boye Olusanya, CEO, 9mobile. Credit: This Day

Telecoms group 9mobile is open to new investors but will continue to manage the business in the meantime, its chief executive said last week at an event to officially announce the company’s new name to replace Etisalat Nigeria.

UAE’s Etisalat terminated its management agreement with its Nigerian business in June and surrendered its 45 percent stake to a trustee following regulatory intervention to save the local company from collapse due to debt.

9mobile CEO Boye Olusanya said the company had retained its workforce and that Etisalat’s withdrawal had not led to a loss of business opportunities.

“Like any business we are always available for someone with a good offer … but we are prepared to manage this business for the long haul,” Olusanya said at the event in Lagos.

Read more: Former Etisalat Nigeria, 9mobile, is open to new investors -CEO | Reuters

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