Menu

Teleology Holdings Limited ‘Officially’ Confirmed as the Preferred Bidder of 9Mobile (Updated).

Update: Teleology Holdings now officially owns 9Mobile. The company beat the stipulated deadline by paying a $50 million non-refundable deposit.

They’ve also formed a partnership with Safaricom, which is famous for its global “mpesa” mobile financial services system.


 

After months of biding and speculation, Teleology Holdings Limited has been officially confirmed as the preferred bidder for 9mobile by Barclays Africa who is acting as the transaction adviser.

According to the report, Barclays Africa sent an official letter declaring Teleology Holdings Limited as the preferred bidder. Teleology has also been told to make a non-refundable cash deposit of $50 million within 21 days from the date of the letter or forfeit its position as the preferred bidder.
For those who are not in the know, Teleology Holdings Limited is a private equity firm championed by the pioneer Chief Executive Officer of MTN, Adrian Wood, the company has an investment portfolio of $11bn and offered more than $500 million to acquire 9mobile as opposed to Smile’s $300 million.

Creating history... One review at a time.

    13 comments on “Teleology Holdings Limited ‘Officially’ Confirmed as the Preferred Bidder of 9Mobile (Updated).

    1. I wished smile got it so they could leverage on 9mobile’s existing coverage to push that smile 4G LTE to all our phones.
      Also happy that Glo didn’t win the bid, don’t want them infecting my 9mobile with that slow internet speed of theirs.
      Congratulations to Teleology!

    2. ỌBÁDÁRÀ says:

      … WELL, WHENNI HEARD THAT GLO WAS ALMOST GETTING IT, I WWS ALREADY DROPPING 9MOBILE IN MY MIND. THANKS TO GOD ITS A DIFFERENT STORY TODAY. LET’S SEE WHAT WILL HAPPEN AND HOPE NOTHING IS SHADY ABOUT THIS…

    3. _edu_andy_ says:

      Good stuff

    4. Amir says:

      9mobile should be in safe hands. Adrian Woods has some wealth of experience in telco already.

    5. Olayinka Snr says:

      Good news. Thank God I dropped my Glo already. I might even port my glo to 9mobile.

    6. Abdul Abdul says:

      Hope they make Etisalat data plans mouth watering.🙏

    7. partnership with safaricom? Lets keep watching, Anyways I know there must be an element of fintech in the mix.
      It’s all good ☺

    8. kenny says:

      Just saw in the comment section that Glo almost got it. sheesh, that gives me shivers.

      1. Abdul Abdul says:

        😂😂😂

    Leave a Reply

    Your email address will not be published.

    Scroll to top