Home Topics Teleology
The House of Representatives’ Committee on Telecommunications on Wednesday told the Nigeria Communications Commission (NCC) to stop Teleology from claiming ownership of 9mobile.
After series of twists and legal turns in the takeover process of 9mobile, Teleology Technology Limited on Monday officially took over the operational affairs of the telecoms company.
Confusion has again hit the bid for 9Mobile as the communications sector regulator, Nigerian Communications Commission (NCC), Wednesday said it had ordered fresh due diligence on the preferred bidder selected for the telecom firm.
The bid for the sale of 9mobile equities followed disagreement between Emerging Markets Telecommunication Services Limited (EMTS), formerly trading as Etisalat Nigeria, and the banks to restructure the repayment of a seven-year mid-term facility secured by the telco to service an existing loan and expand its network in 2013.
The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof. Garba Umar Danbatta, said on Tuesday that Teleology Holdings Limited has paid initial deposit of $50 million for the acquisition of 9Mobile Nigeria Limited.
Teleology Holdings Ltd., says it is transferring a non-refundable completion deposit of 50 million dollars to the trustees of the bank syndicate presently holding ownership of 9Mobile.
Barclays Africa, the financial adviser handling the sale of 9mobile, Wednesday finally put to rest several media speculations about the actual sale of 9mobile.
The sale process of 9mobile, formerly known as Etisalat, hit a new turn on Tuesday as Bharti Airtel and Helios Investment Partners LLP petitioned industry regulators over alleged “irregularities”.
Private equity firm Helios Investment Partners has submitted a bid to acquire Nigeria’s 9mobile under a sale process aimed at finding new investors for the debt-laden telecoms firm, one person fimilar with the matter told Reuters.
Kazakhstan has renamed its capital Nur-Sultan, in honour of the country's longtime president who resigned in a surprise move earlier this week.
The Police Command in Anambra has arrested three persons allegedly involved in production and circulation of a viral video where a nude woman was humiliated.
Mrs Iyabo Toluhi (nee Adesanmi), the elder sister of the late Prof. Pius Adesanmi, on Saturday described the death of his brother as a great loss to the family and community.
The Independent National Electoral Commission (INEC) has declared the All Progressives Congress (APC) candidate for Ibeju-Lekki State Constituency I, Mr Fatai Mojeed, winner of the supplementary election in the area.
Anambra South Senator-elect, Mr Ifeanyi Ubah, has pinched tent with a group of elected lawmakers in the incoming 9th Senate led by Sen. Ahmed Lawan.
Gov. Simon Lalong of Plateau says he is not jittery over the March 23 Governorship Election Re-run in the state.
An 18-year-old girl, Hadiyat Sikiru, has been allegedly killed by a stray bullet during a crossfire between suspected cultists/kidnappers and Police officers in Adamo community, Ikorodu area of Lagos.
Ahead of the Unified Tertiary Matriculation Examination, Prof. Ishaq Oloyede, Registrar, Joint Admission and Matriculations Board, said the board has introduced new innovations for the successful conduct of 2019 UTME.
The rescheduled election in parts of Imo State has been characterised by high rate of apathy, late arrival of voting materials, ballot box snatching and other forms of violence.
A chieftain of the All Progressives Congress (APC), Yekini Nabena, has asked the opposition Peoples Democratic Party (PDP) to forget the dream of taking over the governorship seat of Bauchi state, saying the Independent National Electoral Commission (INEC) has question to answer.