NCC explains how false speculations reduce 9mobile’s subscribers

Lagos, Feb. 1, 2018 (TNE) The Nigerian Communications Commission (NCC) has said that false speculations surrounding the sale of 9mobile reduced the telecommunications company’s subscriber base from 21 million to 17 million.

The Executive Commissioner, Stakeholders Management at the NCC, Mr Sunday Dare, said this during an interview with newsmen on Thursday in Lagos.

The telecommunications operator’s customers, which was 20,521,952 as at January 2017, reduced to 17,075,813 as at November 2017.

Dare said that contrary to reports that Teleology has emerged the preferred bidder for the company, NCC has not been informed of any new owner of 9mobile.

He said that the interim board of 9mobile is yet to communicate to NCC who the winner is and that is because the process is still ongoing.

”There are two regulators involved in the issue, the financial and telecommunications regulators.

”Unless the financial process is complete, the licensing process does not really kick in.

”Until then and until we have evidence of the final report, these speculations will not do the brand any good, it will not do the subscribers any good.

”And because of all the unconfirmed reports, subscriber base of 9mobile dropped from 21 million to 17 million.

”We just need to wait for another 30 to 40 days to have a clarity on the true situation,” he said.

According to him, the CBN and NCC are carrying out their oversight duties in order to make sure that 9mobile does not sink.

”In that process which began several months back, we have saved 4,000 jobs and saved 9mobile from crashing and we kept up other creditors that have been working with them.

”Now we have come thus far, and there are several litigations going and we have to be careful,” he said.

Dare said that Capital Trustees and 9mobile interim board have the powers to guard the sale processes to a logical conclusion.

(TNE)

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