Press Release | 2 July 2010 00:41 CET

Exclusive – Psquare in N240m Deal With Globacom

By Victoria Ige

We have just been told by knowledgeable sources, that the Okoye brothers have signed up for a two-year endorsement deal with telecoms company Globacom.

The deal, which will last for four years in the first instance, is reportedly worth N240m.

A source who is familiar with the details says the pop twins have agreed to the terms already, and an official announcement will be made any time from now, barring any last minute changes.

Globacom Chairman Mike Adenuga is expected to give a final approval before final sign-off.

Sources say the telecoms company has been wooing Psquare since last year, when they first considered dropping their biggest music ambassador D'banj, following a disagreement that arose from the latter's request for an increase in fees.

'They considered replacing D'banj with Psquare or 9ice' our source said.

Insiders at Glo confirm the company is adding Psquare to its list of ambassadors, but did not confirm if the popstars are replacing D'banj or not.

No immediate words from the Okoyes who are still in the US, honouring performance engagements. And a spokesperson for Globacom declined to comment.

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