Abuja, July 28, 2024 – L.H. Telecommunications Limited has acquired majority stake in the Nigerian 9Mobile company to become the new owner.
LH Telecommunications is a private telecommunications company incorporated in the U.K. on Jan 28, 2019.
Its corporate identification number is (CIN) 11794296.
The acquisition of 9Mobile by L. H. was approved by African Export Import Bank (AFREXIM), a senior lender to 9Mobile.
The acquisition has resulted in a change in control of 9Mobile in favour of the new investor by the issuance of new shares amounting to 95.5% of 9Mobile to the new investor in consideration for the injection of fresh capital into the company.
A statement issued by the company on Sunday said the acquisition of majority shares in 9Mobile by L.H has also been approved by the Nigerian Communications Commission (NCC) and the Federal Competition and Consumer Protection Commission (FCCPC) as required by law.
It said a new Board had been constituted for the company.
Thomas Etuh, the new Chairman of the Board, is an accomplished entrepreneur with investments in strategic sectors of the African economy. (GBN)
