Bharti Airtel did not submit a firm bid for Nigeria's 9mobile

Image
Reuters LAGOS
Last Updated : Jan 31 2018 | 8:15 PM IST

LAGOS (Reuters) - India's largest telecoms operator, Bharti Airtel has not taken part in a bidding round for Nigerian rival 9mobile which was aimed at finding new investors for the debt-laden company, a Bharti Airtel Africa spokesman said on Wednesday.

Bharti Airtel's Africa spokesman confirmed a Reuters report from Tuesday that the Indian telecoms company did not submit a firm bid for the Nigerian company before a deadline on January 16.

"In the absence of key information, key contracts and other requested data, all of which is ordinarily made available during bids of this kind, we have been unable to participate in this process," the spokesman said.

(Reporting by Chijioke Ohuocha. Editing by Jane Merriman)

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 31 2018 | 8:02 PM IST

Next Story