Business

Breaking: UK firm, LH Telecoms acquires majority stake in Nigeria’s 9mobile

Breaking: UK firm, LH Telecoms acquires majority stake in Nigeria’s 9mobile

Emerging Markets Telecommunication Services Limited, operating under the trade name 9Mobile, has been acquired by a UK company, LH Telecommunication Limited. 

According to a statement issued on Sunday by the company, the acquisition of majority shares in the Nigerian telecom company was approved by the Nigerian Communications Commission (NCC) and the Federal Competition and Consumer Protection Commission (FCCPC) as required by law. 

READ ALSO:

With this, a new Board has been constituted for the struggling telecom operator. 

Breaking: UK firm, LH Telecoms acquires majority stake in Nigeria’s 9mobile

Trends Admin

Recent Posts

Food price, transport fare hike push Nigeria’s inflation to 33.88%

Food price, transport fare hike push Nigeria's inflation to 33.88%  Rising cost of living based…

4 hours ago

Supreme Court dismisses 16 govs suit challenging EFCC legality

Supreme Court dismisses 16 govs suit challenging EFCC legality The Supreme Court has dismissed the…

5 hours ago

Executive Secretary FCDA Hadi Ahmad suspended indefinitely

Executive Secretary FCDA Hadi Ahmad suspended indefinitely   Executive Secretary, Federal Capital Development Authority FCDA,…

7 hours ago

Just in: Rivers, Anambra high court judges suspended for one year

Just in: Rivers, Anambra high court judges suspended for one year   The National Judicial…

8 hours ago

Apomu king turns warmonger for PDP

Apomu king turns warmonger for PDP Tunde Odesola (Published in The PUNCH, on Friday, November…

10 hours ago

Ondo poll: Three gov candidates withdraw for Aiyedatiwa

Ondo poll: Three gov candidates withdraw for Aiyedatiwa Three gubernatorial candidates have withdrawn from Saturday’s election…

10 hours ago