![Why Globacom Will Acquire Etisalat Nigeria In 2017 [Video]](https://tkcdn.tekedia.com/wp-content/uploads/2017/06/06173740/glo-etisalat-768x384.png "Why Globacom Will Acquire Etisalat Nigeria In 2017 [Video]")
In this videocast, I make a case why Globacom, the operator of the Glo brand in Nigeria, will acquire Etisalat Nigeria, in 2017. Etisalat Nigeria is in a very challenging position to pay back about $1.2 billion loan to a consortium of banks. In the current market dynamics, with deteriorating ARPU (average revenue per user), it will be extremely difficult for the telecom company to meet that obligation. Glo has liquidity, relatively, and is owned by a respected businessman (Mike Adenuga) who can raise any capital required to close a deal. Glo needs to close its subscriber gap with MTN which enjoys more than 20 million extra subscribers. You may ask – why not MTN, Airtel or AMCON? Answers here.
Great move by Glo
We agree with you. It has to make it happen though
[…] my videocast on why I think that Glo will acquire Etisalat Nigeria, some have noted privately and publicly that MTN should not be discounted. Also, some have also […]
Those of using glo in part of Ghana are from network why soo?
Could you rephrase the question, please
[…] the benefits of economics of scale being ahead of the the second operator, Glo, by subscriber base, in excess of 20 million users. At the end of last quarter, Q1 2017, MTN Nigeria had about 60 million subscribers, according to […]
[…] becomes clear after two years that it is not making progress, the firm should put itself for sale. Glo remains a strategic partner that can help absorb it. It may not be cash deal, of total buyout, but something closer to a merger […]