Nigeria In One Minute
Adrian Wood’s Teleology Emerges Preferred Bidder for 9mobile
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
RipplesNigeria… without borders, without fears
Click here to join the Ripples Nigeria WhatsApp group for latest updates.
Join the conversation
Support Ripples Nigeria, hold up solutions journalism
Balanced, fearless journalism driven by data comes at huge financial costs.
As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.
If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.
Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.