- Adrian Wood: We’ve taken over 9mobile’s loans, will create a Nigeria-centric telco
Emma Okonji
Teleology Holdings wednesday beat the deadline stipulated under the bid process for the acquisition of 9mobile by paying a $50 million non-refundable deposit for Nigeria’s fourth largest network operator.
Teleology, which emerged the preferred bidder for the 9mobile transaction on February 21, was given till today to pay the non-refundable deposit, failing which Barclays Africa, the transaction adviser, would have invited the reserve bidder, Smile Telecoms Holdings, to takeover 9mobile.
Read more at source:
No comments:
Post a Comment