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9mobile Suffers Another Set-Back As Barclays Africa Pulls Out

According to a report on, the sale of 9mobile has hit a roadblock with Barclays Africa pulling out as financial advisers. This will mean the whole process will have to start again.
Although 10 bidders had been shortlisted, there were concerns raised by some concerns from Nigerian Communications Commission (NCC), Central Bank of Nigeria (CBN) and some of the bidders over Barclays' ability to follow due process.

The shortlisted companies include:

Globacom Nigeria Limited, Bharti Airtel, Alheri Engineering Limited, Smile Telecoms Holdings, Helios Towers, Centricus Capital, Africell, Abraaj Capital, Teleology Holdings Limited, Ericsson, Africa Capital Alliance (ACA) and The Carlyle Group.

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