Teleology Holdings are the new owners of 9mobile

Teleology Holdings Limited has emerged as the new owners of 9mobile.

The new owners of the embattled telecom company is one of the five companies that bidded for the take od 9mobile early in the year.

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

In a statement signed by Mohammed Edewor, a non-executive director of the company, Teleology said it “is pleased to announce the constitution of a new Board of Directors for Nigeria’s multi-award-winning telecommunication company, 9mobile”.

This follows “the successful completion of the tenure of the former Board appointed by the Central Bank of Nigeria (CBN) and in fulfillment of the consequential transfer of final ownership to the new investors, Teleology Nigeria Limited”.

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“We thank all out-going members of the Board for helping to shepherd 9mobile through the critical transition phase it has passed through since July 2017 and wish them the very best in their future assignments.

“For us, the composition of the new Board of Directors is another significant milestone, and this follows the issuance of final approval of no objection by the Board of the Nigerian Communications Commission (NCC) to the effect that the technical and financial bids Teleology submitted for 9mobile met and satisfied all the regulatory requirements.

“This is indeed the dawn of a new era in the evolution of the 9mobile brand in the Nigerian market”.

The new board of directors is constituted by:

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Nasiru Ado Bayero (Chairman)
Asega Aliga (Non-Executive Director)
Adrian Wood (Non-Executive Director)
Mohammed Edewor (Non-Executive Director)
Winston Ndubueze Udeh (Non-Executive Director)
Abdulrahman Ado (Executive Director)
Stephane Beuvelet (Acting Managing Director)

9mobile, formerly known as Etisalat Nigeria was taken over in July 2017 following a debt crisis that engulfed the company.