Nigeria, April 17 -- A Federal High Court sitting in Ikoyi, Lagos, on Wednesday dismissed a suit filed by Spectrum Wireless Communications Limited against Emerging Markets Telecommunications Services (EMTS) challenging the sale of the company.

Justice C.J Aneke in a ruling on the preliminary objections filed by the counsel to EMTS upheld the defendant's prayers that there is no direct shareholding relationship between Spectrum Wireless and EMTS.

In Suit No. FHC/L/CS/153/2018, the court vested on Spectrum the right to sue EMTS to protect its alleged shareholding in the company.

EMTS is the owner of 9mobile.

A statement made available to PREMIUM TIMES Wednesday said the court also upheld the defendant's position that there is no privity...