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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.
Hon. Olamide George, who insists he remains the new Speaker of the Ondo State House of Assembly, says the impeachment exercise carried out by 18 members of the assembly on Friday is irreversible.
Tanzanian authorities have deployed the military to buy cashew nuts from farmers to solve a row over prices.
The early arrivals to the Super Eagles training camp at Elomaz Hotel in Asaba today include Henry Onyekuru, Ola Aina and Moses Simon.
France coach Didier Deschamps has attacked Paris Saint-Germain’s alleged racial profiling of players as “unacceptable and intolerable”.
The Minister of Water Resources, Alhaji Suleiman Adamu, said the Federal Government had released N50 billion for the rehabilitation and completion of irrigation projects across the country.
Arsenal boss Unai Emery has revealed that his decision to replace Super Eagles forward Alex Iwobi at half-time versus Wolves was for tactical reasons.
Registered voters in Lagos State on Tuesday trickled in to check their details at different polling units as the Independent National Electoral Commission (INEC) began display of the register of voters.
The Director-General, National Youths Service Corps (NYSC), Brig.-Gen. Suleiman Kazaure, has urged corps members country to be apolitical in their engagements during the 2019 general elections.
No fewer than 850 members of the Peoples’ Democratic Party (PDP) and People’s Redemption Party (PRP) have defected to the All Progressives Party (APC) in Zaria LGA of Kaduna State.
President Muhammadu Buhari on Tuesday met behind closed doors with the Executive Council of the Church of Christ in Nation (COCIN).