Business Hilights

Tracking Nigeria's Headline Business News Online

9Mobile

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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…

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9Mobile: Is NCC’s technical evaluation on Teleology becoming endless?

…Nigerians worried on dearth of information on 9Mobile’s acclaimed bid winner Whereas the consortium of banks that raised the over $2.1bn facility which 9mobile, formally Etisalat Nigeria defaulted, are running out of patience, telecoms industry players are also becoming apprehensive…

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ICT

Danbatta at ITU in S’Africa, silent on sale of 9mobile, DPF, RoW for Infracos

The leader of Nigerian delegation to the International Telecoms Union (ITU) World 2018 conference currently going in Durban, South Africa and Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta on Tuesday, opened Nigeria’s Pavilion. In his…

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Just in: Teleology Holdings scales NCC, CBN integrity tests, set to run 9mobile

Though official confirmation is still hard to get, strong indications emerged between Wednesday evening and Thursday afternoon that nearly one year on, Teleology Holdings Limited has passed the last integrity test and is set to assume ownership of 9Mobile any…

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9mobile: NCC risks court action, regulatory confidence crisis if it upturns Teleology win

As industry stakeholders’ and banks await the final pronouncement on the substantive bid winner of embattled 9mobile, there are strong indications that high caliber legal battle and crisis of confidence on the regulatory integrity of the Nigerian Communications Commission (NCC)…

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9Mobile: NCC’s stress test on Teleology Holdings placing cart before the horse?

  …As two shareholding firms remind NCC, CBN of Court Order barring sale  Though there has been nothing suggesting that there is a surreptitious move to edge out Teleology Holdings Limited in the takeover of cash-strapped 9mobile after it had…

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ICT

Its over for Smile as NCC finalises 9mobile takeover by Teleology Holdings?

Contrary to heated campaign by the reserved bidder in the sale of troubled 9mobile by Barclays Africa, all is getting set for the seamless handover of the firm to Teleology Holdings Limited as lead telecoms regulator, the Nigerian Communications Commission…

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ALTON frowns at sealing of 9mobile’s premises by Rivers State Govt

The Association of Licensed Telecommunication Operators of Nigeria (ALTON) has expressed displeasure on the recent sealing of the business premises of Emerging markets telecommunications Service Limited (EMTS) by the officials of Rivers State Internal Revenue Service (RIRS) in Port Harcourt….

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ICT

CBN grants Teleology Holdings 20 working day plea on deadline extension

Though the 90-day payment completion window officially given to Teleology Holdings Limited expired weekend, indications are rife that its 20 working day plea for extension was granted by the Central Bank of Nigeria (CBN). Teleology Holdings Limited, the preferred bidder…

MTN Visafone
ICT

Did MTN buy Visafone with spectrum or only brand infrastructure?

When Visafone saw the handwriting on the wall that validity of CDMA in Nigeria is expiring, the core investor and chairman of Zenith Bank, Mr. Jim Ovia sold the company on 100 per cent equity to MTN in 2015. Whereas…