-Nigeria’s smallest telecom operator, 9mobile, must secure new capital to address declining market share and operational challenges.
-9mobile’s subscriber base has sharply decreased from over 22 million in 2015 to fewer than 4 million by September 2023.
-Deolu Ogunbanjo, President of the National Association of Telecommunications Subscribers, suggests 9mobile should go public to attract fresh investments and stabilize operations.
-In September, 9mobile saw a significant churn, with 7,127 users switching to other networks—accounting for 90% of outgoing ports that month.
-Ogunbanjo warns that without recapitalization, 9mobile’s user base could shrink further, but with fresh investment, the company could improve infrastructure and service quality to regain subscribers.
Peoplesmind
