9Mobile Looses 4m Subscribers- NCC

9Mobile looses 4m Subscribers –NCC
By Perpetua Egesimba

The Nigerian Communications Commission (NCC) disclosed in Lagos that embattled 9Mobile telecommunication network has lost a whopping four million subscribers due to speculations surrounding it’s sales. stating that
According to the NCCthe teleco’s subscriber base reduced from 21 million to 17 million.
Speaking to Journalists in Lagos during the presentation of the findings on the cost based study for the determination of Mobile Voice Termination rates in Nigeria, the Executive Commissioner, Stakeholders Management, NCC, Dr Sunday Dare, who represented the Executive Chairman, EVC of the Commission, Prof Umar Danbatta, said ,contrary to reports that Teleology had emerged the preferred bidder for the company, the commission has not been informed of any new owner of 9Mobile.
According to him, the interim board of 9Mobile was yet to communicate to NCC who the winner was and that was because the process was still on -going.
“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 true situation,” Dare said.
He noted that the Central Bank of Nigeria (CBN) and NCC were carrying out their oversight duties in order to make sure that 9Mobile does not sink.
According to him, the process, which began several months back have saved 4,000 jobs and saved 9mobile from crashing and also kept other creditors that have been working with them.
“Now we have come thus far and there are several litigations going on and we have to be careful. Capital Trustees and 9Mobile interim board had the powers to guard the sale processes to a logical conclusion,” he said.
He expressed confidence in the board to maintain a transparent handling of the telecom company’s sale process knowing that any shade of opaque handling of the process will create a dangerous ripple effect on the entire telecom sector.