Business Hilights

Tracking Nigeria's Headline Business News Online

Stephane Beuvelet

9Mobile-11
ICT

Teleology Nigeria now owns 99.999% of 9mobile—Co-Founder Edewor

Even though there had been no substantial clarification from the Central Bank of Nigeria (CBN) that all the 13 banks’ syndicated loan had been repaid, contrary to the controversies trailing the real ownership of 9Mobile telecoms, a co-founder of the…

9Mobile shop
ICT

AFC steps up 9Mobile’s repositioning drive with $230m facility

Barely few months after official takeover and internal restructuring of 9Mobile, strong operational boost is underway for the telecom giant as the Africa Finance Corporation (AFC), has approved a $230 million loan facility. The company said the facility will go…

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ICT

Teleology Nigeria visits NCC, hails joint efforts with CBN to save 9mobile

After months of silence, back and forth decisions of both the Nigerian Communications Commission (NCC) and Central Bank of Nigeria (CBN), strong indication has emerged showing that the entire acquisition crisis trailing 9mobile has rested. Strong pointer to this emerged…

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ICT

Fresh confusion trails Teleology claims on 9mobile as NCC distances self

More than two weeks after the management of Teleology Holdings Limited (THL), the acclaimed winner of the bid to sale troubled 9mobile, formally Etisalat Nigeria, issued a statement claiming takeover of the firm, the Nigerian Communications Commission (NCC), has came…

9Mobile
ICT

7 days after, NCC, CBN still mute over Teleology’s takeover of 9Mobile

Apprehension and confusion can best be used to describe the situation of things in the last one week when the management of Teleology Holdings Limited (THL) issued a terse statement that the Nigerian Communications Commission (NCC) has handed over the…

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ICT

Just in: At last, NCC transfers ownership of 9Mobile to Teleology Holdings

…Stephane Beuvelet named new Managing Director as NCC maintain mute Barely one week, Business Hilights published a story on whether the telecoms regulator, the Nigerian Communications Commission (NCC) is carrying out integrity test on bid winners for 9Mobile, Teleology Holdings…