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Teleology Holdings Limited
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.
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”.
The final buyer from among five bidders already shortlisted for the takeover of the distressed Nigerian telecoms company, 9mobile, will be announced by December 31.
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.
Hundreds of demonstrators, in defiance of a ban of protests, rallied in the Algerian capital against a bid by ailing President Abdelaziz Bouteflika for a fifth term in office.
The Director of Strategic Communications for the All Progressives Congress (APC) governorship candidate in Rivers State, Tonye Cole, Prince Tonye Princewill, has expressed dissatisfaction with the Chairman, Independent National Electoral Commission (INEC), Prof. Yakubu Mahmood, over the claim that all court judgments have been obeyed by the electoral umpire as regards the state.
The police in Kano on Friday ‘invited’ a member of the House of Representatives, Abdulmumin Jibrin, over his alleged role in a bloody clash between members of the PDP and APC in Bebeji Local Government Area.
Head of the ECOWAS Election Observetion Mission (EOM), former Liberia’s President, Ellen Johnson-Sirleaf, has urged Nigerians, particularly the political class, to sustain the peace that characterised the postponement of the Presidential and National Assembly elections and also conduct themselves according to the laws of the land as they go to the polls Saturday.
An unidentified police inspector was arrested on Thursday at a hotel in Ewet Housing Estate for aiding some people to brand two private vehicles in police colour.
The Yoruba Ronu Leadership Forum, a socio-cultural group, says the order given by Alhaji Atiku Abubakar, the Presidential Candidate of the Peoples Democratic Party is treasonable.
Two days after Governor Nasir El-Rufai put the figure at 130, Kaduna State Commissioner of Police, Ahmad Abdulrahman, has said that the casualty figures of Kajuru killings is yet to be ascertained.
Chief Orji Kalu, the candidate of the All Progressives Congress (APC) for Abia North Senatorial District, on Wednesday, said that traders at the Ariaria International Market, Aba, had promised to give at least 65 per cent of their votes to President Muhammadu Buhari in Saturday’s rescheduled poll.
Ordinarily, the postponement by a week of Nigeria’s 2019 general election should not have generated as much outrage as it has done, but the protest that the postponement has attracted is positive proof of the fact that the Nigerian electorate do not trust the Independent National Electoral Commission (INEC).
Sequel to the recent postponement of the presidential and National Assembly polls last Saturday by the Independent National Electoral Commission (INEC) Governor Simon Lalong of Plateau State has said that the postponement of may have been the only option to save Nigeria from an inconclusive exercise.