9mobile Spectrum Acquisition: Mixed Signals Threatens MTN’s Move

The New Diplomat
Writer

Ad

Tesla sales tumble 40% in Europe as BYD surges past rival

By Obinna Uballa Tesla’s grip on the European electric vehicle market continued to loosen in July, with sales plunging 40% year-on-year even as Chinese challenger BYD posted explosive growth, according to data from the European Automobile Manufacturers Association (ACEA) on Thursday. New car registrations of Tesla vehicles totaled 8,837 in July, down 40% year-on-year, according…

Tinubu Returns to Abuja, Says Foreign Engagements ‘ll Enhance Nigeria’s Economic Growth

By Abiola Olawale President Bola Ahmed Tinubu returned to Abuja on Thursday, August 28, 2025, following a state visit to Brazil and an earlier visit to Japan. Shortly after his return, Tinubu stated that his international engagements are focused on fostering economic growth, job creation, and long-term prosperity for Nigerians. In a statement shared on…

Access HoldCo Names Innocent Ike CEO as Aig-Imoukhuede tightens grip after Wigwe’s death

By Obinna Uballa Access Holdings Plc has confirmed the appointment of Mr. Innocent Ike as its substantive Group Managing Director and Chief Executive Officer (GMD/CEO), effective August 29, 2025, following approval from the Central Bank of Nigeria (CBN). The announcement comes less than 24 hours after Roosevelt Ogbonna, the Managing Director of Access Bank, resigned…

Ad

By Louis Achi

A spectrum trade deal between Emerging Markets Telecommunication Services Limited and MTN Nigeria, reportedly ongoing, has been curiously denied by MTN Nigeria.

This development contrasts sharply with multiple reports of MTN Nigeria in talks with 9mobile to acquire its operating spectrum. The Telcom giants have refuted these reports.

According to sources close to the deal, the spectrum deal was said to be a way to save 9Mobile, which has been struggling since the departure of vital technical partners and investors.

As of January 2016, the telco had 22.04 million mobile subscriptions but has declined to 13.79 million as of August 2023. In comparison to major competitors like Airtel, MTN Nigeria and Globacom, who had 33.59 million, 56.85 million and 34.004 million mobile subscriptions, respectively, as of January 2016 and have since grown their mobile subscriptions with Airtel’s at 60.17 million, Glo was 61.39 million, and MTN was 85.01 million as of August this year.

According to reports, a source close to the deal told Punch that the ongoing conversation between 9Mobile and MTN is for acquiring 9Mobile’s only operating spectrum.

“Once we have the spectrum, it is more like we have taken over the company. The spectrum is what they use to operate; once they don’t have it again, they can’t. I can’t confirm how much is being discussed yet,” they said.

However, according to reports this morning, MTN Group’s spokesperson Nompilo Morafo has hit back at the rumours, saying,

“MTN Nigeria is not looking to acquire 9Mobile spectrum”.
“MTN Nigeria has been exploring national roaming opportunities in Nigeria in line with the group strategy of network as a service.” She added, “That said, no agreements have been concluded.”

Ad

X whatsapp