9mobile completes LH Telecommunication's equity investment, resulting in a new board, CEO, and approval from Nigerian regulators.
9mobile completes equity investment by LH Telecommunication Limited, leading to a change in control and the appointment of a new board led by Thomas Etuh. Nigerian Communications Commission and Federal Competition and Consumer Protection Commission have approved the investment, and Obafemi Banigbe is appointed as the new Managing Director and CEO. The reconstitution of the board and executive leadership is seen as a significant milestone in 9mobile's transformation program, preparing the company for a more competitive future in Nigeria's telecom market.
July 28, 2024
5 Articles