Telecom
Etisalat: Bello-Osagie Plots Comeback, ‘9Mobile’ A Transitory Name

The battle for the soul of Etisalat Nigeria (now rebranded 9Mobile) has reached a crescendo as Nigeria CommunicationsWeek investigations showed that Mr. Hakeem Bello-Osagie, former chairman, has launched out in search of investment partners to buy the mega shares in the company.
In May 2013, Emerging Markets Telecommunications Services Limited (EMTS), trading under the name of Etisalat Nigeria, signed a $1.2billion medium-term syndicated loan facility agreement with Zenith Bank Plc, Guaranty Trust Bank Plc, First Bank of Nigeria Limited and 10 other banks.
But, Mr. Osagie who resigned his position on the heat of threats from the banks to take over the Company for failure to pay back the loan, plans to regain his position should he get new investors.
A week ago, Hatem Dowidar, the chief executive of Etisalat International, said Etisalat Group would, in the next three weeks, phase out the brand name in Nigeria.
The decision followed Emirates Telecommunications Group (Etisalat Group) withdrawal of further involvement in the ownership of the Nigerian subsidiary.
Until June 15, the United Arab Emirates, UAE, group was a major shareholder in Etisalat Nigeria, along with United Arab Emirates Sovereign Wealth Fund through Mubadala Development Company, Abu Dhabi.
The two affiliates controlled a combined 85 per cent equity in the telecom firm, with Myacinth holding 15 per cent stake through Emerging Markets Telecommunications Services, EMTS Holding BV, owned by former United Bank for Africa, UBA, Mr Bello-Osagie.
Opting to part ways with the company followed the crisis in the wake of the $1.2billion syndicated loan the telecom firm took in 2013 from a consortium of 13 Nigerian banks, an impeccable source revealed to Nigeria CommunicationsWeek, Mr. Bello-Osagie has vowed to block moves by an influential ‘money bag’ without technical credentials to take over the company.
According to the Source, “Mr. Bello-Osagie, former chairman’s confidence of pulling a surprise comeback is based on the fact that the 13 banks are supposed to take over the mega shares in Etisalat, but they are not interested. They (the banks) are actually shopping for investors to buy over the shares. Presently, the shares are domicile with UBA Capital.
“So, Mr. Osagie is not giving up on the matter. First, his ‘group’ still maintains 15% stake in Etisalat. Remember, they are the owners of the operating licence too. Secondly, he is not comfortable with an influential business mogul who is making moves to take over Etisalat. The potential investor lacks the technical milieu to manage the Company.
“The man roadblock to him (the money bag) is that he possesses an expired operating license. The Communications Acts 2003 makes it impossible for him to buy over the shares. But he views the present circumstances as a golden opportunity to launch fully into the telecommunications business, especially with the potentials 9Mobile has. He might want to buy the Company through other business ventures. So, EMTS is on red alert”.
The Source also told Nigeria CommunicationsWeek that ‘9Mobile’ is merely a transitory name put forward by EMTS to beat the deadline as Etisalat International, has made intentions know to phase out the brand name in Nigeria by month end.
“Remember, at the launch of EMTS in Nigeria in 2008, “0809ja” was adopted, to affirm the “Nigerianness” of its origin. And it worked. The plan now is such that if EMTS succeeds in buying over the banks’ shares then the name 9Mobile, which is a transitory name, shall be dropped almost immediately. Should they fail to get investors of preference to buy the shares, it means EMTS will remain with 15% stake, but the new investors will come out with a new name. As it stands now, it stands 50-50 for Mr. Osagie to come back to his position”, the source said on Sunday night.
Recall, after the interventions of the Central Bank of Nigeria (CBN) and the Nigerian Communications Commission (NCC) in the loan feud between Etisalat Nigeria and a consortium of 13 banks, Mr. Osagie, resigned his appointment as part of restructuring plan for the telecommunications firm.
The new board is headed by Dr. Joseph Nnanna, chairman; Mr. Boye Olusanya who replaced Matther Wilshire as CEO; Mr. Oluseyi Bickersteth, non- executive director; Mr. Ken Igbokwe, non-executive director and Mrs. Funke Ighodaro, Chief Finance Officer.
Telecom
4 Dead, 20 Others Injured as Fire Engulfs Cairo Data Centre

Four people have been killed, with over 20 injured after a fire at Cairo data centre disrupted telecom services nationwide.
A fire at a major Telecom Egypt facility in Cairo on Monday has left four workers dead and at least 22 others injured, plunging parts of the capital into a communications crisis.
According to Hossam Abdel Ghaffar, spokesperson for Egypt’s Health Ministry, most injuries were due to smoke inhalation.
The blaze, which broke out at a key data centre operated by Telecom Egypt, the country’s primary fixed-line and internet provider, was brought under control later that day.
However, it caused widespread disruptions, halting phone services, affecting internet connectivity, and even interfering with digital banking operations.
Internet monitoring group NetBlocks reported that national connectivity dropped to just 62% of normal levels following the incident.
Residents across Cairo struggled with poor network access, and banks—although already closed for the day—reported interruptions in ATM services and online transactions.
In a statement on Tuesday, Telecom Egypt mourned the loss of its employees and pledged support to their families.
Amr Talaat, Egypt’s minister of Communications and Information Technology, assured the public that service restoration was underway and expected to be completed within 24 hours.
To address the disruption, the Health Ministry released alternative emergency contact numbers across Egypt’s governorates, in case its primary ambulance hotline remained unreachable.
The state-run MENA news agency reported that the fire was prevented from engulfing the entire building and nearby rooftops, thanks to the efforts of emergency responders.
A preliminary investigation suggests the fire was likely triggered by an electrical short circuit, according to a security source cited by MENA.
As the nation works to restore full connectivity, the incident has raised fresh concerns about the vulnerability of critical infrastructure and the need for enhanced fire safety protocols in sensitive tech facilities.
Telecom
Globalcom Thrills Subscribers with 3 New Digital Products

Tech faints, Globalcom, on Tuesday unveiled three exciting digital products aimed at rewarding customers. The products, Animation World Promo, Treasure Spin and Sport Brain, also provide subscribers with the opportunity to play and win instant prizes.
Globalcom in a statement in Lagos said that the company is dedicated to providing value-added service to its ever-growing customers.
The first digital product, which is Animation World Promo, is an innovative trivia-based service aimed at challenging customers culinary knowledge of Nigerian food. With it, subscribers engage in answering food related questions, earn points and win delicious prizes.
For Treasure Spin, customers are availed the digital treasure spin experience. With each spin Glo subscribers stand a chance to win instant prizes, making every participation exciting and rewarding.
In addition, Globalcom captures the heart of football lovers with Sport Brain. Subscribers are allowed to predict football scores in matches across top leagues all around the world. Customers get to select their preferred leagues. “It’s a fun and competitive way for football lovers to test their instincts and knowledge,” the company noted.
Customers who subscribe to any of the three services stand a chance to win fantastic daily, weekly, and monthly prizes. Every day, 20 participants will receive ₦1,000 cash, ₦1,000 airtime, and 3.5GB data. On a weekly basis, five lucky winners will walk away with ₦100,000 each, while one grand prize winner will receive ₦1 million every month.
To participate, customers are required to dial *13055*2# for Animation World Promo,*13199*3# for Treasure Spin and *13199*2# for Sport Brain. Each plan can be activated either as a one-time purchase or Auto Renewal.
Globacom further explained that all products are available at an affordable subscription rate of ₦100 for a daily plan, ₦300 for weekly plan and ₦500 for monthly plan.
In concluding, the company disclosed that the services are available to all Glo prepaid and postpaid subscribers nationwide.
Telecom
SiBAN Applauds Interstellar’s Groundbreaking Role in Africa’s Blockchain Future

The Stakeholders in Blockchain Technology Association of Nigeria (SiBAN) has lauded Interstellar, one of its prominent members, for spearheading a major breakthrough in Africa’s financial technology space.
This follows Interstellar’s strategic partnership with the Pan-African Payment and Settlement System (PAPSS) to roll out the PAPSS African Currency Marketplace (PACM), a blockchain-based platform designed to address the continent’s long-standing currency inconvertibility challenge.
The initiative is already being hailed as a game-changer capable of eliminating the $5 billion annual trade friction currently plaguing intra-African commerce.
According to SiBAN President, Mr Obinna Iwuno, the development affirms Nigeria’s leadership in blockchain innovation, stating that Interstellar’s PACM is not only a technological feat but also a timely response to the African Continental Free Trade Area (AfCFTA) mandate of seamless and cost-effective regional trade.
PACM operates on STARGATE, a blockchain-agnostic system developed by Interstellar, and leverages the Bantu blockchain network to facilitate real-time, peer-to-peer exchanges of African currencies.
The solution ensures financial inclusion by allowing businesses, SMEs, and informal traders to transact in local currencies without relying on foreign intermediaries, all while maintaining regulatory compliance.
Mr Ernest Mbenkum, CEO of Interstellar, described the solution as Africa’s roadmap to financial sovereignty. “Blockchain is not just innovation; it is empowerment,” he said.
SiBAN reaffirmed its commitment to supporting policies and partnerships that promote secure, transparent, and inclusive digital economies.
The association further called on stakeholders in government and the private sector to prioritise blockchain adoption as a driver of national development.
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