• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

How regulators’ intervention averted 9mobile’s possible collapse -NCC

Damilare Famuyiwa by Damilare Famuyiwa
February 13, 2019
in Business News, Company News
9mobile Africa Finance Corporation, 9mobile launches AI-enabled chatbot, Enin

9mobile

Share on FacebookShare on TwitterShare on Linkedin

Prof. Umar Garba Danbatta, Executive Vice Chairman of the Nigerian Communications Commission (NCC), has made known that regulatory intervention from NCC and the Central Bank of Nigeria (CBN) successfully managed 9mobile’s crisis.

According to Danbatta, the intervention helped in saving several billions of dollars of investors’ money in Emerging Markets Telecommunications Services (EMTS), trading as 9mobile, preserving over 3,000 direct jobs and putting the telecom company on the path of recovery.

The interventions, which averted a possible collapse of 9mobile, as the 4th largest telecom operator in the country, as result of a debt burden to a consortium of 13 banks, also saved over 16 million subscribers on the network from being cut off.

RelatedStories

NCC,

NCC releases licensing framework to regulate A2P messaging, targets N10 million licence fee 

July 8, 2025
9mobile, MTN to roll out National Roaming nationwide before end of July 

9mobile, MTN to roll out National Roaming nationwide before end of July 

July 3, 2025

Danbatta said, “The interventions became necessary in order to address the decreasing subscriber base on 9Mobile, save the country from image problem, instill investor’s confidence in the telecoms market and prevent loss of jobs among Nigerians.”

How 9mobile’s crisis began

9Mobile (formerly known as Etisalat Nigeria) defaulted on a $1.2 billion loan it had obtained from a consortium of banks led by GTBank. The default led to its parent company, Etisalat of the UAE pulling out and the banks threatening to take over the firm.

They were, however, prevented from doing so by the Central Bank of Nigeria (CBN) and the Nigerian Communications Commission (NCC). An interim board was subsequently appointed, and Barclays Africa midwifed a bidding process. Some parties to the process had alleged there were irregularities, a fact that was stoutly denied.

Teleology emerged the preferred bidder and took over the firm in November 2018.

About 9mobile

Emerging Markets Telecommunication Services Limited (EMTS) – also known as 9mobile – is a Nigerian private limited liability company. EMTS acquired a Unified Access Service License from the Nigerian Communications Commission (NCC) in 2007. The License enables EMTS to provide Fixed Telephony (wired or wireless), Digital Mobile Services, International Gateway Services and National/Regional Long Distance Services in addition to spectrum assignments in the 900 and 1800 MHz bands.

With a recent name change and rebranding in July 2017, the company launched its new brand identity – 9mobile, with an unveiling of the new name and logo. The new brand identity, according to the telco, reflects the bold and creative attributes which we share with our valued subscribers especially the vibrant youth segment.


Follow us for Breaking News and Market Intelligence.
Tags: 9MobileEtisalatNCCProf. Umar Garba Danbatta
Damilare Famuyiwa

Damilare Famuyiwa

Famuyiwa Damilare is a trained journalist. He holds a Higher National Diploma (HND) in Mass Communication at the prestigious Nigerian Institute of Journalism (NIJ). Damilare is an innovative and transformational leader with broad-based expertise in journalism and media practice at large. He has explored his proven ability in the areas of reporting, curating and generating contents, creatively establishing social media engagements, and mobile editing of videos. It is safe to say he’s a multimedia journalist.

Related Posts

NCC,
Financial Services

NCC releases licensing framework to regulate A2P messaging, targets N10 million licence fee 

July 8, 2025
9mobile, MTN to roll out National Roaming nationwide before end of July 
Corporate deals

9mobile, MTN to roll out National Roaming nationwide before end of July 

July 3, 2025
Karl Toriola, MTN Nigeria
Legal & Regulations

NCC vs MTN: AGF to decide on criminal charges facing CEO Karl Toriola 

July 2, 2025
NCC,
Renewables & Sustainability

NCC, REA move to cut $350 million annual diesel cost for Nigerian telecom operators 

July 2, 2025
Federal High Court, REA
Legal & Regulations

9mobile Ownership Battle: Court set to decide on 43 Million shares by Sept 24 

July 2, 2025
Top 10 states with the highest number of internet users in Nigeria 
Exclusives

Starlink, Spectranet, other ISPs lose customers as Nigerians cut internet spending 

July 2, 2025
Next Post
Debt Management Office

FG to deploy new debt management strategy

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • Key policies that shaped Nigeria’s tech industry under Buhari’s 8-year rule 
  • Investing in a volatile world: Strategies for Gen Zs, millennials, and retirees
  • TikTok removes over 3.6 million Nigerian videos in Q1 2025  

Follow us on social media:

Recent News

Key policies that shaped Nigeria’s tech industry under Buhari’s 8-year rule 

Key policies that shaped Nigeria’s tech industry under Buhari’s 8-year rule 

July 15, 2025
Investments

Investing in a volatile world: Strategies for Gen Zs, millennials, and retirees

July 15, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics