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Teleology pulls out of 9mobile, to exit shareholding - report
2019-01-08 10:45:00| Telecompaper Headlines
(Telecompaper) Teleology Holdings has expressed its dissatisfaction over the business relationship with 9mobile Nigeria and has decided to pull out of the project, two months after it received approval to take over 9mobile's operations as the preferred bidder, ThisDay reported. It said Teleology Holdings will be seeking to exit its shareholding in local joint venture Teleology Nigeria, which will be required to change its name. This will put the USD 50 million deposit paid for the acquisition of 9mobile in jeopardy.
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Category:Telecommunications