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Friday, July 27, 2018

9mobile extends Acquisition timeline...

The Board of 9mobile has yet again announced the extension for closure of the acquisition process.This was covered in a statement by telco on Thursday.
Telco believed the extension was considered necessary to enable parties involved in the sale process to finalise the requisite transaction documentation to facilitate a smooth closure and transition to the new investor.
The statement added: “The Board of 9mobile is pleased with the progress made thus far and expects the acquisition process to be completed as soon as possible. Further updates in this regard will be provided in due course.
“We hereby thank our invaluable customers for their support and reiterate our continuing commitment to providing best-in-class telecommunication service.”
Meanwhile, this is not the first time the timeline was extended.
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