Teleology Holdings Limited secures 9mobile deal, as telecommunications industry continues to struggle in Nigeria. 9mobile, formerly Etisalat Nigeria has officially been taken over by telecommunications investment body, Teleology, as of Novermber 12th, 2018. Teleology announced through media communications that the deal was officially confirmed. Chairman of the company, oil-made billionaire from the Emir Royal Family in Kano, Nasiru Ado Bayero said “As we begin this new epochal phase, we wish to thank all the employees who built this viable business (9mobile). Our debt of gratitude also goes to our subscribers even as we assure them to get ready for real best-in-class additional value for their relationship with the 9mobile brand. Without you, there could not have been a 9mobile business for us (teleology) to invest in today.” Teleology was setup as a special purpose company for the sole purpose of the 9mobile buyout. Telecommunications company, Lars Magnus Ericsson Nigeria, and other foreign stakeholders were part of the Teleology process of buying out 9mobile. The following are the major team of investors behind the take over:
- Nasiru Ado Bayero (Chairman) – Son of a late Royal Magnate and owner of Asuokpu/Umutu marginal oil fields in Nigeria worth over $100 billion.
2. Asega Aliga (Non Executive Director) – Former Chief Operations Officer at United Capital, Subsidiary of United Bank for Africa owned by Tony Elumelu. (Read: Who Is Asega Aliga?)
3. Adrian Wood (Non Executive Director) – Former Chief Executive Officer of MTN Nigeria from 2001 – 2004.
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