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Tag Archives: 9Mobile

Ongoing sale of 9mobile programmed to be inconclusive from day one—Expert

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A Lagos based investment consultant, Donald Akugah has argued that the ongoing sale of troubled 9mobile has all the characteristics of a process designed to fail midway. Speaking in an interview with Business Hilights correspondent in Abuja on Thursday over the myriads of knocks trailing the entire process from day one, he said “Since last year, everything surrounding the sales had ...

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NCC insists on conducting fresh integrity test on Teleology’s technical competence

NCC Media Lagos

…Claims Broadband penetration now 22% to hit 30% by year end The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof Umar Danbatta, on Monday in Lagos made it clear that no matter Teleology Holdings Limited may have emerged the preferred bidder in the ownership of troubled 9mobile telecom; it can only take full possession of the licence whenever ...

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9mobile: Teleology may head to court over Reps order disrupting concluded sale process

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Business Hilights Intelligence Unit (BHIU) weekend gathered that the preferred bidder of 9mobile, Teleology Holdings Limited is currently considering legal option on the latest twist in their ownership of the troubled fourth largest telecommunications company. A usually reliable source confided in Business Hilights that the observed hot chase on Teleology since it won the bid has gotten to a level ...

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No doubt, some interests working to do away with Teleology in sale of 9mobile—Pundits

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Looking for the murkiest sale of an enterprise in current Nigeria, it is 9mobile. Murky in the sense that the targeted buyer or bid winner by some unseen but powerful interests, may not have emerged according to their plots and permutations. A telecoms expert who pleaded anonymity told our correspondent that “Am disturbed on the level of embarrassment so far ...

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Teleology’ll inherit 13 banks’ debt from 9mobile in exchange for payment plan—Wood

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Following the successful payment of the initial $50m, emerging owners of 9mobile, Teleology Holdings Limited says “With the execution of the Loan Purchase Agreement, Teleology will take over the loans of the 13 banks from 9mobile in exchange for a payment plan”. In a telephone interview with the key promoter of the Special Purpose Vehicle (SPV) Mr. Adrian Wood from ...

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3rd condition of fresh NCC’s terms on sale of 9mobile unfair to Teleology—Analysts

NCC Borad Cm

Even though Teleology Holdings on Wednesday, beat deadline for the initial payment of $50m to rest Smile’s media campaigns, a serious crack in the genuineness of the Nigerian Communications Commission (NCC) in driving the sale of 9mobile has emerged following a letter written by the board Chairman, Senator Olabiyi Durojaiye, to the Governor of Central Bank of Nigeria (CBN), Mr. ...

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9mobile: Payment deadline of $50m may be extended for Teleology Holdings if…

9Mobile

Though there are strong indications that the preferred bidder in the sale of 9mobile, Teleology Holding Limited may meet the initial payment deadline, signal emerged on Monday, hinting of possible two weeks extension of the payment time-frame. The letter of offer to Teleology was dated February 21 and gives the Special Purpose Vehicle (SPV) 21 days from the date of ...

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9mobile: Teleology Holdings set to meet non-refundable $50m deposit deadline

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Logistics and arrangements are in top gear at Teleology Holdings Limited, the preferred bidder of 9mobile telecoms to make the official non-refundable cash deposit of $50 million within the given payment window of 21 days after the announcement. Barclays Africa, financial advisors to 9Mobile had last month in a letter announcing Teleology Holdings as the preferred bidder, asked the winner ...

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More prominent Nigerians approach new owners of 9mobile for investment deals

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There are ample signals that a number of prominent Nigerians with deep pockets and investible funds are currently dangling terms with the new owners of 9mobile, Teleology Holdings Limited. Business Hilights Intelligence Unit (BHIU), a research arm of Business Hilights publications gathered on Monday that the key factor pulling both quietly rich and influential Nigerians to Teleology Group is not ...

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Barclays Africa begins re-branding drive to Absa Group by 2020

Barclays Africa Group

Barclays Africa Group, the core arranger for the sale of 9mobile in Nigeria is at the verge of rebranding to Absa Group. There are indications that the group had since completed its job on 9mobile, but there are some developments at the corridors of both the telecoms regulator, the Nigerian Communications Commission (NCC) and the Central Bank of Nigeria (CBN) ...

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