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Former Etisalat Nigeria, 9mobile, appoints Citi, Standard Bank to find new investors

Reuters - UK Focus

LAGOS, July 25 (Reuters) - 9mobile, formerly Etisalat Nigeria, has appointed Citigroup (NYSE: C - news) and South Africa's Standard Bank to manage a sale process for the telecoms company and has received interest from three investors, a banking source close to the deal said on Tuesday.

The banking source said India's Bharti Airtel (BSE: BHARTIARTL.BO - news) , which already has a presence in Nigeria, has expressed interest in acquiring its rival.

Britain's Vodafone and French telecom group Orange (LSE: 0OQV.L - news) have also shown interest, the source said. (Reporting by Chijioke Ohuocha; Editing by Adrian Croft)