Breeze Reporters

BREAKING: Teleology Takes Over 9mobile

Teleology Holdings Limited has finally taken over 9mobile.

This is coming 11 months after the company made it to the top five companies making a bid to take over the telecommunications company formerly under etisalat Nigeria.

The sale process of 9mobile was initially billed to be concluded on January 16, 2018, following an approval of the extension of the deadline by the Nigerian Communications Commission (NCC) after an initial December 2017 deadline.

Teleology eventually won the final bid, ahead of Airtel, Globacom, Smile, Helios.

The company was taken over in July 2017 following a N541 billion debt 0verhang.

Adeyemi Olalemi

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