Telecom Operators

The acquisition of 9mobile, formerly Etisalat Nigeria, looks to be competitive, as 16 firms have submitted their interest to bid for the operator. Etisalat Group was forced to pull out of Nigeria this year after its firm couldn't come to an agreement with its lenders to restructure $1.2 billion debt after missed payments. Following Etisalat's exit, the Nigerian firm announced it had rebranded as 9mobile and said it is open to discussions with new investors.

Etisalat Misr (Etisalat Egypt) has signed a four-year contract with Ericsson to modernize and expand its core network and business support systems, which will help the operator capitalize on the growth in 4G and pave the way for 5G and Internet of Things. The partnership will play an important role in further developing the services offered by Etisalat Misr, one of Ericsson’s largest customers for business support systems.