Teleology poised to take over 9mobile despite controversies
The acquisition of 9mobile by Teleology Holding may go ahead, in spite of the controversies that have surrounded the entire process since inception.
Firm shops for $300m to acquire 9Mobile
The numerous impediments in the way of the sale of 9Mobile notwithstanding, the deal could be completed any time soon, The Guardian has learnt.This is even as the 90-day grace to Teleology Holdings, the preferred bidder, draws closer. Though it had paid the $50 million non-refundable fee.
NCC insists on technical competence for 9mobile bidder
Nigeria Communications Commission (NCC) will not approve the sale of 9mobile to any bidder without technical competence, Professor Umar Danbatta, executive vice-chairman of the commission said on Monday.
Court stops sale of 9Mobile as shareholders seek refund of $43.33 million investment
A Federal High Court in Abuja yesterday stopped the planned sale of Etisalat telecommunication firm (now 9Mobile) following opposition by some aggrieved shareholders. The shareholders - Afdin Ventures Limited and Dirbia Nigeria Limited, which had claimed to be major investors, complained of being left out in the firm’s decision-making and have demanded a refund of…
9mobile does not condone unethical practices, indolence, says Olusanya
Telecommunications Company, 9mobile, has restated its unwavering commitment to integrity and best practices as gold standards across its operations. “At 9mobile we continuously review our internal control and processes to protect the business as well as the interests of other stakeholders by ensuring we checkmate fraudulent activities that can compromise our operations, Chief Executive Officer,…
Teleology acquires 9mobile, to partner Safaricom for efficient services
Teleology Holdings has finally acquired 9mobile network. The firm, which was the preferred bidder for the arrangement, promised to partner Safaricom of Kenya to deliver efficient services. Teleology’s Director and pioneer Managing Director of MTN Nigeria, Adrian Wood, disclosed this yesterday, The firm beat the March 22 deadline for the payment of $50million non-refundable fee…
NCC moves to sanitise 9Mobile bid process
The Nigerian Communications Commission (NCC) has set rules of engagement that would not only ensure the transparent sale of 9Mobile but also the sustenance of its business after its take over. This is coming amidst disclosures of untidy handling of the bid for the telecommunications firm and the commission’s determination to salvage the deteriorating situation.…
nTel targets 20 states for national roaming operations
Telecoms operator, nTel has announced plans to expand its operations beyond Lagos to 20 states of the country including Abuja and Port Harcourt.
Smile communications assures of repositioning 9Mobile in 90 days
The Reserved Bidder for 9Mobile, Smile Telecoms, a subsidiary of Smile Telecoms Holdings, has expressed its readiness to reposition 9Mobile within 90 days if it was allowed to acquire the troubled firm. Executive Director, Operations, Smile Communications, Ahmad Farroukh, said in Lagos at the weekend, that 9Mobile deserved the best and should be sold…