Tuesday, November 13, 2018

7 things to know about Teleology, the new owner of 9mobile

7 things you should know about Teleology, the new owner of 9mobile

 

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

Below are 7 major things you should know about the company.

  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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