The Board of 9mobile has announced the extension of the timeline for closure of the acquisition process.
This was contained in a statement by the telco on Thursday.
The telco said the timeline extension was considered necessary to enable parties involved in the sale process finalise the requisite transaction documentation to facilitate a smooth closure and transition to the new investor.
The statement added: “The Board of 9mobile is pleased with the progress made thus far and expects the acquisition process to be completed as soon as possible. Further updates in this regard will be provided in due course.
“We hereby thank our invaluable customers for their support and reiterate our continuing commitment to providing best-in-class telecommunication service.”
This will not be the first time the timeline will be extended.