Thursday, 20 September 2018

9mobile deadline passes, but deal imminent

By Mary Lennighan, for Total Telecom
Monday 02 July 18

Teleology secures payment extension, plans to roll out new base stations and buy up more small Nigerian players

The deadline has passed for 9mobile's would-be new owner to pay the US$450 million it owes to complete the takeover deal, but local news sources say it will go ahead soon regardless. Teleology Holdings paid a US$50 million deposit for Nigerian mobile operator 9mobile in March and was due to transfer the balance of the agreed $500 million purchase price within 90 days…

The deadline has passed for 9mobile's would-be new owner to pay the US$450 million it owes to complete the takeover deal, but local news sources say it will go ahead soon regardless. Teleology Holdings paid a US$50 million deposit for Nigerian mobile operator 9mobile in March and was due to transfer the balance of the agreed $500 million purchase price within 90 days…

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