Teleology Holdings Limited is on course to take over 9mobile Nigeria only if they are able to pay $450 within the next 90 days.
Nigerian Communications Commission (NCC) said that Teleology Holdings Limited would get 9mobile when it paid the balance of $450m before the expiration of 90 days deadline.
According to Prof Danbatta, is that the preferred bidder has emerged and it has been told to pay, starting with a deposit of $50 million which the preferred bidder has paid, we have information to this effect.
“What remains is for the preferred bidder to pay the balance of $450 million in the next 90 days, or less than 90 days anyway.
And upon payment of that amount, 9mobile would be transferred to the preferred bidder, which is Teleology Holdings Limited.
“In the event Teleology fails to pay after the expiration of the deadline of 90 days then the reserved bidder will be considered and the reserved bidder is Smile. That is the position at the moment, ’’ he said.
You’ll recall that Smile Holding faulted the process in which Barclays Africa announced Teleology Holdings as the preferred bidder therefore calling for process review to ensure transparency. But there were reports last week that a board member of NCC was allegedly working very hard to shift the goalposts and force the sale of 9mobile to Smile Telecoms Holdings.
The reports claimed that the board member had written a letter to the CBN listing new criteria of “technical expertise” and “at least three years operational history” as new conditions for buying 9mobile.
The goalpost will only be shifted to Smile Holding if Teleology Holdings didn’t meet up with the deadline of 90 days
so even in death, Smile is still alive and battling. I don’t see Teleology losing out within these 90 days since they’ve already come this far
This Teleology company self
It seems they are not serious
This theology people don’t seem to be serious. I seriously doubt if they can handle 9mobile operations.
Did i just see 90 days, these guys must be raking in millions to be able to such an amount within such a short period. Should they fail, i know smile is already warming up to take ownership
I would like smile to take ownership of 9mobile. I love their service
Another unserious company.
Whats there own self
Smile management will just be praying for teleogy to default so that they can come and take ownership of 9mobile
It seems Teleology are not ready for business
They should be able to meet up with the amount anyway.
I wish them the best having come these far…
let teleology do and pay up. no time.
90 days is too long ooo. So we have to wait for 3 months before 9mobile transforms to Teleology
I hope they will be able to pay the money,so they won’t use dre own hand to spoil wat they have started
Smiles are praying so hard
After successfully won bid I think payment should not pose a problem for them unless they are not serious enough…