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BREAKING: As A Subscriber, Here are 7 Things You should know about Teleology as it takes over 9mobile, less than a year after it bought Etisalat

Teleology Holdings Limited has finally taken over 9mobile, 11 months after the company made it to the top five companies making a bid to take over the telecommunications company.

Teleology has announced the constitution of a new Board of Directors for Nigeria’s telecommunication company, 9mobile, following 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.

“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 are:

1. Nasiru Ado Bayero (Chairman)

2. Asega Aliga (Non Executive Director)

3. Adrian Wood (Non Executive Director)

4. Mohammed Edewor (Non Executive Director)

5. Winston Ndubueze Udeh (Non Executive Director)

6. Abdulrahman Ado (Executive Director)

7. Stephane Beuvelet (Acting Managing Director)

The new Chairman of the Board, Alhaji Nasiru Ado Bayero welcomes the appointment stating, “as we begin this new epochal phase, we wish to thank all the employees who built this viable business.

“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 to invest in today.

“We will justify your confidence in our brand by making significant investments that will improve the value you get for using 9mobile.”

Below are 7 major things you should know about the company, particularly if you are a subscriber of their network.

  1. Teleology Holdings Limited is a private equity firm run by the pioneer, now former Chief Executive Officer (CEO) of MTN NigeriaMr Adrian Wood.
  2. Teleology Holdings Limited was purposely set up by Wood and some influential Nigerian investors to revive the embattled telecom.
  3. The company is reportedly currently managing over $11 billion in portfolio investments.
  4. Mr Adrian Wood, the promoter of the company, is an economist. He was trained at Cambridge and Harvard Universities.
  5. Mr Wood is also the CEO of Brymedia West Africa Limited.
  6. Teleology offered to buy 9Mobile for $500 million while Smile is considering $300 million
  7. The new Board of Directors are:

  • 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)

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