Teleology finally takes over 9mobile, appoints new directors

AFTER about eight months when it made the initial $50 million non refundable deposit to acquire 9mobile, Teleology holdings has been given final approval of no objection by the Board of the Nigerian Communications Commission (NCC) to own the telecommunications company.

The company also immediately, constituted a new board of directors to manage the affairs of the company following the disbandment of the interim board which held forth while the bid process and payment negotiations lasted.

The new board members included 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 and. Stephane Beuvelet who is the acting Managing Director.

According to Teleology, issuance of final approval of no objection by the NCC, means that the technical and financial bids Teleology submitted for 9mobile met and satisfied all the regulatory requirements.

One of the new board members, Mr Mohammed Edewor, said Teleology is pleased with all out-going members of the Board for helping to shepherd 9mobile through the critical transition phase it has passed through since July 2017.

He said: “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.

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