Fresh Challenges for 9mobile
(WorldNews Business)

The recent court injunction obtained by Spectrum Wireless Communication to stop the sale of 9mobile will, no doubt, pose fresh challenges for the telecoms company, whose sale was at the verge of completion. Emma Okonji writes Industry stakeholders, 9mobile and United Capital Trustees Limited, were thrown into confusion last week, when it was reported that Spectrum Wireless Communication had gone ahead of them to obtain a court injunction to stop the sale of 9mobile. United Capital Trustees Limited is the receiver-manager appointed by the consortium of 13 banks, which lent $1.2 billion to the former Etisalat Nigeria, which currently trades as 9mobile. It became a big and devastating issue to...