Tuesday, May 20, 2025
  • News & Reports
    • Animation Content
    • Broadcasting
    • Broadcasting Right
    • Broadcasting Service
    • Cinema Content
    • Connectivity
    • Content Distribution
    • Content Production
    • Content Regulation
    • Film Festival
    • Film Industry
    • Media Regulation
    • Mergers & Acquisation
    • OTT & Streaming
    • Pay-TV
    • Radio Broadcasting
    • Industry Executives
    • Reports
    • Satellite
  • Industry Resources
    • Audio & Podcasts
    • Reports & Presentations
    • TV and Videos
  • Products & Services
    • Promo: Spotlight Service
  • Events
    • All Events
    • BMA Events
  • Join BMA Network
  • Login
  • Dashboard
No Result
View All Result
  • News & Reports
    • Animation Content
    • Broadcasting
    • Broadcasting Right
    • Broadcasting Service
    • Cinema Content
    • Connectivity
    • Content Distribution
    • Content Production
    • Content Regulation
    • Film Festival
    • Film Industry
    • Media Regulation
    • Mergers & Acquisation
    • OTT & Streaming
    • Pay-TV
    • Radio Broadcasting
    • Industry Executives
    • Reports
    • Satellite
  • Industry Resources
    • Audio & Podcasts
    • Reports & Presentations
    • TV and Videos
  • Products & Services
    • Promo: Spotlight Service
  • Events
    • All Events
    • BMA Events
  • Join BMA Network
  • Login
  • Dashboard
No Result
View All Result
Join BMA
Login
No Result
View All Result
Home News & Reports Mergers & Acquisation

July 30, 2024

UK Company Acquires Nigerian Telecom Operator 9Mobile In Major Merger And Acquisition Deal
Mergers & Acquisation
July 30, 2024

by Staff Writer BMA
July 30, 2024
in Mergers & Acquisation, News & Reports

9Mobile, the Nigerian mobile operator, has been acquired by LH Telecommunication Limited, a UK company.

According to a statement, the Nigerian Communications Commission and the Federal Competition and Consumer Protection Commission approved the acquisition of majority shares in the Nigerian telecom company in accordance with legislation.

The investment, which was approved by African Export Import Bank, 9Mobile’s senior lender, in May 2023, resulted in a change in control of 9Mobile in favour of the new investor through the issuance of new shares totaling 95.5% of 9Mobile in exchange for the injection of fresh capital into the company.

The new investor has appointed a new board of directors for the company. Thomas Etuh, a seasoned entrepreneur in the African market for over 36 years, has been appointed chairman of the 9mobile board. Other directors include Nahim Abe Ibraheem and Femi Edun.

“LH Telecommunication Limited has also nominated Senator Daisy Ehanire Danjuma, Michael Ikpoki, Ibrahim Puri, Gloria Danjuma, and Emmanuel Etuh as new members of the board of directors of 9Mobile,” the statement read.

The new board has also approved the appointment of a new management team led by Obafemi Banigbe as the company’s managing director and chief executive officer to guide the company through this transition period and put it on track for recovery.

9mobile, which formerly had over 20 million active subscribers, had only 11.6 million customers as of March 2024 due to constant client loss.

Tags: 9MobileAcquisitionLH Telecommunication LimitedMergerNigerian Communications Commission
ShareTweetShare
Previous Post

July 30, 2024

Nollywood’s “With Difficulty Comes Ease” Set To Premiere On Prime Video This August
News & Reports
July 30, 2024

Next Post

July 30, 2024

Broadcasters To Explore Ways To Shape The Future Of Broadcasting: Broadcast and Digital Media Convention – West Africa 2024
Industry Conference
July 31, 2024

Next Post

South Africa: LEO Satellite Service Transforms Rural Internet Services

Related Industry Resources

  • Scenarios For Cloud-Based Broadcasting USD 6.95
  • Maximise Your Reach, Take Your Content Anywhere Cost-Effectively - Part 2 USD 9.95
  • OTT Streaming And VOD Business In Africa - The State Of Play! USD 9.95
  • How to Create Authentic Edutainment Content with Global Appeal USD 6.95
  • Ideas And Pathways Around 'Knowing Your Audience' In Today's Fragmented Media Environment USD 4.95
Publisher
-
Benjamin Pius

 About us

Our goal is always to keep industry stakeholders abreast of opportunities in technology and service innovations that are and will shape Africa’s broadcasting and media industry via quality news, information, intelligence and insight .

Contact us

+44 (0) 207 712 1526
info@broadcastingandmedia.com
BSP Communications Limited
Level 37, One Canada Square
Canary Wharf
London, E14 5AB, United Kingdom

No Result
View All Result
  • July 30, 2024

    News & Reports
    March 20, 2025
    • July 30, 2024

      Animation Content
      March 20, 2025
    • July 30, 2024

      Broadcasting
      March 20, 2025
    • July 30, 2024

      Broadcasting Right
      March 20, 2025
    • July 30, 2024

      Broadcasting Service
      March 20, 2025
    • July 30, 2024

      Cinema Content
      March 20, 2025
    • July 30, 2024

      Connectivity
      March 20, 2025
    • July 30, 2024

      Content Distribution
      March 20, 2025
    • July 30, 2024

      Content Production
      March 20, 2025
    • July 30, 2024

      Content Regulation
      March 20, 2025
    • July 30, 2024

      Film Festival
      March 20, 2025
    • July 30, 2024

      Film Industry
      March 20, 2025
    • July 30, 2024

      Media Regulation
      March 20, 2025
    • July 30, 2024

      Mergers & Acquisation
      March 20, 2025
    • July 30, 2024

      OTT & Streaming
      March 20, 2025
    • July 30, 2024

      Pay-TV
      March 20, 2025
    • July 30, 2024

      Radio Broadcasting
      March 20, 2025
    • July 30, 2024

      Industry Executives
      March 20, 2025
    • July 30, 2024

      Reports
      March 20, 2025
    • July 30, 2024

      Satellite
      March 20, 2025
  • July 30, 2024

    Industry Resources
    March 20, 2025
    • July 30, 2024

      Audio & Podcasts
      March 20, 2025
    • July 30, 2024

      Reports & Presentations
      March 20, 2025
    • July 30, 2024

      TV and Videos
      March 20, 2025
  • July 30, 2024

    Products & Services
    March 20, 2025
    • July 30, 2024

      Promo: Spotlight Service
      March 20, 2025
  • July 30, 2024

    Events
    March 20, 2025
    • July 30, 2024

      All Events
      March 20, 2025
    • July 30, 2024

      BMA Events
      March 20, 2025
  • July 30, 2024

    Join BMA Network
    March 20, 2025
  • July 30, 2024

    Login
    March 20, 2025
  • July 30, 2024

    Dashboard
    March 20, 2025
  • July 30, 2024

    March 20, 2025

© 2023 Broadcast Media Africa

  • Sign in

Forgot your password?

Email me a Sign in Link

Lost your password? Please enter your email address. You will receive mail with link to set new password.

Back to login