The interim board of 9mobile may have finally settled for Teleology Holdings Limited as the preferred bidder for 9mobile, the country’s fourth-largest mobile network, according to an insider source.
Teleology Holdings Limited, promoted by Adrian Wood, the pioneer Chief Executive Officer of MTN Nigeria, was one of the shortlisted five investors bidding for 9mobile.
According to the source, which is close to the interim board of 9mobile, Barclays Africa, the financial adviser managing the sales of 9mobile had since submitted its recommendation to the board, which met yesterday to review the recommendation.
THISDAY gathered that the board decided to settle with Teleology Holdings Limited, based on the recommendation of the financial adviser.
THISDAY, January 27, 2018
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