There are strong indications that MTN Nigeria and Emerging Markets Telecommunications Service Limited (EMTS), doing business as 9mobile in Nigeria, are in the advanced stages of spectrum trade negotiations.
According to sources on Tuesday , MTN Nigeria is seriously eyeing stakes in its competitor, 9mobile.
Recall that Technology Times reports that the spectrum trade option is being considered to revive the ailing 9mobile after the telecommunications firm fell on hard times in the wake of the exit of its key technical partner and investors, Mubadala of United Arab Emirate (UAE) in 2017.
In his reaction, a source in MTN, who spoke on anonymity to LEADERSHIP , confirmed that the deal is serious and very much on between the two telecommunications firm.
“The deal is between the two firms. MTN will start with the spectrum and you know the implication of that. Spectrum is the life wire of any telecoms firm. It is still unfolding and more developments would be revealed in the coming weeks,” he averred.
Meanwhile, a source in 9mobile said, the firm is yet to confirm the authenticity of the report, even as the source assured that 9mobile will release a statement to confirm if the report is true or not.
