We reported earlier that 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 5 major things you should know about the company, particularly if you are a subscriber of their network.
- Teleology Holdings Limited is a private equity firm run by the pioneer, now former Chief Executive Officer (CEO) of MTN Nigeria, Mr Adrian Wood.
- Teleology Holdings Limited was purposely set up by Wood and some influential Nigerian investors to revive the embattled telecom.
- The company is reportedly currently managing over $11 billion in portfolio investments.
- Mr Adrian Wood, the promoter of the company, is an economist. He was trained at Cambridge and Harvard Universities.
- Mr Wood is also the CEO of Brymedia West Africa Limited.
- Teleology offered to buy 9Mobile for $500 million while Smile is considering $300 million
- 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)
