interest in acquiring the mobile network, only five were shortlisted before the
number was further reduced to three.
kicked out in the fourth round, Glo was kicked out in the third round and finally, Smile Telecom Holding succumb to
defeat as Teleology Holding bear the flag as the new owner of 9mobile.
out of the race in acquisition of 9 mobile over insinuations that whoever takes
over 9mobile may be face mounting debt.
of MTN Nigeria, Teleology emerged as the new owner of 9mobile ahead of Smile,
which had been the only other bidder in the final round of the takeover bid.
investment portfolio of $11bn, offered more than $500 million to acquire the
mobile network while Smile offered about $300 million.
condition of anonymity, “this news is like a double whopper burger for us. I can
tell you there is an air of jubilation amongst the staff of 9mobile now. We did
not want any of the existing operators to acquire 9mobile as they would end up
sacking people and throwing people into the unemployment market under the guise
of right sizing the business.”
the emergence of Teleology Holding as
the new owners of 9mobile.