Teleology, which emerged the preferred bidder for the
9mobile transaction on February 21, has beaten the deadline stipulated under
the bid process for the acquisition of 9mobile by paying a $50 million
non-refundable deposit for Nigeria’s fourth largest network operator.
9mobile transaction on February 21, has beaten the deadline stipulated under
the bid process for the acquisition of 9mobile by paying a $50 million
non-refundable deposit for Nigeria’s fourth largest network operator.
If they had failed to meet up with the deadline, Barclays
Africa, the transaction adviser, would have invited the reserve bidder, SmileTelecoms Holdings, to takeover 9mobile.
Africa, the transaction adviser, would have invited the reserve bidder, SmileTelecoms Holdings, to takeover 9mobile.
However, Teleology Holding is expected to pay the balance of its
$500 million bid for 9mobile in the next 90 days, in order to take full
possession of the telecoms firm.
$500 million bid for 9mobile in the next 90 days, in order to take full
possession of the telecoms firm.
According to what this day reported, all contractual documents
for the 9mobile transaction had been executed by all the parties.
for the 9mobile transaction had been executed by all the parties.
“We have 12 executives coming in and they comprise five of
my former colleagues at MTN such as the ex-CTO and ex-CFO. Others include
executives from Orange, Vodafone, Celtel and others.”
my former colleagues at MTN such as the ex-CTO and ex-CFO. Others include
executives from Orange, Vodafone, Celtel and others.”
“9mobile is transiting into a new phase that will be defined
by optimal value delivery: value to our employees, value to our
customers, value to local communities and indeed to all stakeholders.”
by optimal value delivery: value to our employees, value to our
customers, value to local communities and indeed to all stakeholders.”
Another distinguishing feature is that Teleology
has formed an alliance with Safaricom, the biggest mobile operator in East
Africa.
has formed an alliance with Safaricom, the biggest mobile operator in East
Africa.
What we don’t know yet is if 9mobile will be undergoing another
rebranding or Adrian Wood and his team will maintain the name 9mobile. Smile
Telecom Holding will be like… “is this for real?”.
rebranding or Adrian Wood and his team will maintain the name 9mobile. Smile
Telecom Holding will be like… “is this for real?”.
See money ?. Hope 9moble will get better.
Too bad smile couldn't get what they wanted. Let's hope dis Teology would cook something good for us on 9mobile. By the way, dat 500 million dollars does it include d debt dat dey are owing or just for takeover?
nice one
Loll, smile wanted this badly. let's hope Adrian wood and squad will shake up our telecom industry
Hope they become one of the best network soon
Very good.. .
So will the name change
Good for them I hope they will turn things around and transform the company
Congratulations to them. Hope they bring the change we need
This is huge and to think its just three months. I pray they meet up with the cash payment while also making the 9mobile network more atttactive
That's cool
Let this acquisition bring improvement to 9mobile and Nigeria telecom industry as a whole.
Let this acquisition bring improvement to 9mobile and Nigeria telecom industry as a whole.
They will definitely change the name
Happy feet them though
They will definitely change the name
Happy for them though
You say? See money. That's a huge sum of money
Hopefully the network will move forward without any issues again
I doubt if they can survive the hustle and bustle of Nigeria financial system with respect to competition and earning profit.
Congrats to teleology holdings… I hope for cheap data and call rate #smiles ..
Still unhappy to see Glo loosing out in the process
Very good we need better services