Teleology has formally taken over control of Nigeria’s troubled telecommunication company, 9mobile, by appointing a new board of directors, headed by 54 year-old Nasiru Ado Bayero. Stephane Beuvelet will serve as the acting managing director, according to a statement by Mohammed Edewor, a new non-executive director of the new 9Mobile. The appointment of the board […]
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Teleology Holdings Ltd., says it is transferring a non-refundable completion deposit of 50 million dollars to the trustees of the bank syndicate presently holding ownership of 9Mobile. The company made this known in a statement signed by Mr Adrian Wood, Teleology’s Director and pioneer Managing Director of MTN Nigeria. Wood said the payment underscored Teleology’s […]
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The Nigerian Communications Commission (NCC) and the Central Bank of Nigeria, have set a Jan. 16 deadline for receipt of binding offers from prospective bidders to acquire debt-laden telecom firm 9mobile. The telecoms company stated that Barclays Africa will review bids submitted before the deadline and make recommendations to 9mobile. Nigerian lenders picked Barclays Africa […]
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First Bank of Nigeria (FBN) has posited that the Nigerian Banks who took over 9mobile — formerly known as Etisalat Nigeria — are in the process of stabilising the telecommunication company before looking for new investors to buy into the company. Quoting First Bank, Reuters said the country’s fourth largest telecoms group will keep stability […]
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