MTN Nigeria is reportedly in discussions with 9mobile to acquire its operating spectrum. According to sources close to the matter, the ongoing conversations involve the potential acquisition of 9mobile’s operating spectrum, which is seen as a crucial asset. The spectrum trade deal is expected to have significant implications for both telecom operators.
The spectrum acquisition is considered a pivotal element, as it serves as the backbone for operating telecom services. Once acquired, the spectrum would essentially represent a substantial takeover of 9mobile by MTN Nigeria. The ongoing negotiations highlight MTN’s strategic interest in bolstering its position in the telecom industry through the acquisition of vital assets.
The financial details of the potential spectrum deal have not been confirmed, and sources have indicated that the discussions are still in progress. The spectrum is a critical component for telecom operators, enabling them to provide voice and data services to their subscribers.
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9mobile has faced challenges since the departure of its technical partner and investors, leading to a decline in subscribers. The company’s current subscriber base stands at 13.79 million as of August 2023, down from 22.04 million in January 2016. In contrast, major telecom operators like Airtel, MTN Nigeria, and Globacom have seen growth in their subscriber bases over the same period.
MTN Nigeria’s interest in spectrum acquisition aligns with its strategy to enhance the quality of broadband services for its subscribers. The potential deal with 9mobile echoes MTN’s previous acquisition of Visafone in 2015, which aimed to improve broadband service quality. The acquisition of spectrum from Visafone was finalized in 2019, enabling MTN to extend its network reach in the country.
As the discussions between MTN Nigeria and 9mobile progress, the telecom industry awaits further details on the potential spectrum acquisition, which could reshape the competitive landscape in Nigeria’s telecom sector.
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