It has been revealed that Teleology Holdings Limited owned a minority stake in 9mobile.…
Teleology pulls out of 9mobile barely two months after acquisition
Barely two months after officially acquiring 9mobile, Teleology Holdings Limited is pulling out. Find out why.…
Teleology to raise $300 million loan for 9mobile acquisition
Teleology Holdings — the preferred bidder of 9mobile — has hired a global financial service firm to raise a $300 million bridge loan to seal the acquisition deal. According to a report by The Guardian…
9mobile sale: 3 reasons the Nigerian government may be blocking it
After its parent UAE-based company exited following a $1.72 billion debt default, Etisalat Nigeria was taken over by creditors in July 2017 and re-branded as ‘9mobile’. A 16-day sales extension from i…
9mobile stakeholders in court to stop acquisition process
The Federal High Court in Abuja has halted the sale of 9mobile on the ground that stakeholders of the company were not part of the acquisition process. This is coming after the preferred bidder, Teleo…
The fate of 9mobile still hangs on the balance
The acquisition process of 9mobile is taking a new turn as Teleology Holdings is expected to undergo exercises to test its technical and financial capabilities. According to the Nigeria Communications…
NCC confirms receiving down payment for 9mobile
The Nigerian Communications Commission (NCC) has confirmed receiving a payment of $50 million, being the 10% non-refundable fee for the acquisition of 9mobile by Teleology Holdings Limited The down pa…
What is the Nigerian government’s interest in 9mobile’s acquisition?
Just recently, we reported that Teleology had acquired 9mobile with the payment of a $50 million non-refundable deposit required. But more recent news is giving the acquisition process a new tune. Asi…
Teleology makes $50m down-payment for 9mobile
Teleology Holdings, the long-preferred bidder for the acquisition of 9mobile, has finally fulfilled the $50m non-refundable cash deposit requirement, essentially edging out fierce rival, Smile Communi…
Discontent and tussle over acquisition of 9mobile
After we thought 9mobile takeover was a done deal, it just might turn out to be the exact opposite, as Smile Communication Limited is unsatisfied with the ruling…
Teleology Holdings officially confirmed preferred bidder in 9mobile acquisition
Teleology Holdings Limited has officially been confirmed as the preferred bidder in the sale of 9mobile.…