9mobile, formerly Etisalat Nigeria, has appointed Citigroup 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, which already has a presence in Nigeria, has expressed interest in acquiring its rival.
Britain’s Vodafone and French telecom group Orange have also shown interest, the source said.