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Teleology

Teleology completes 9mobile acquisition with $301m

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…Appoints new board of directors for 9mobile Teleology Nigeria Limited has finally completed payment of $301 million to acquire 9Mobile- the third largest mobile network operator in Nigeria, findings by The Daily Times revealed. In our fact findings, an inside source close to Afreximbank, but not authorised to speak on this development, disclosed that $251.1 […]

Teleology commits to 9mobile with $50M deposit

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9mobile

Teleology Holdings has agreed to buy 9mobile, Nigeria’s fourth largest telecoms provider, the investment firm said on Thursday. 9mobile, formerly Etisalat Nigeria, took out a $1.2 billion syndicated loan from 13 local banks in 2013 but failed to make repayments last year. Under the stewardship of its lenders, it has changed its board, management and […]