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