NLNG Corporate Caring banner FirstGem 3rd anniversay lecture Fidelity bank card banner Emerald Energy Institute Camano banner

9mobile sale: Teleology to know fate in August

By Zakariyya Adaramola on 26/07/2018

Gmail icon

Views: 771


The preferred bidder in the 9mobile sale process, Teleology Holdings Limited, should know next month whether it will be allowed to take over 9mobile or not, top government officials told Daily Trust Tuesday night.

One of the officials, who was part of the meeting held Tuesday between the regulatory authorities - the Nigerian Communications Commission (NCC) and Central Bank of Nigeria (CBN) - and key stakeholders in the sale of 9mobile, said “there are still many grey areas to thrash out.’’

He told Daily Trust that the meeting was inconclusive as the two regulatory authorities wanted to be fair to all the parties involved in the sale process hence the need for more time.

Another official said the meeting would be concluded in August and that Teleology should know its fate then.

He said NCC and CBN had assured on quick and amicable resolution of all the issues around the telecom company ‘s sale process.

The NCC’s Executive Vice Chairman, Prof Umar Garba Danbatta, had said on Monday that the commission and CBN would meet key stakeholders to discuss the way forward in the stalled sale process of 9mobile.

Etisalat, now 9mobile, ran into problem last year when it failed to pay back in full a $1.2 billion loan facility it took from a number of banks.

The loan issue made one of its major shareholders, Emirates Telecoms Group Company of the United Arab Emirates (Etisalat Group), to pull out of the company’s shareholders.

The NCC and CBN moved in to sell the company to a competent telecom investor to prevent it from being taken over by the banks. However, Prof Danbatta said Nigerians would soon hear good news on the sale process of 9mobile as the meeting yesterday was called to resolve the issue surrounding the sale.

“The sale process of 9mobile is going on fine. We shall meet tomorrow (Tuesday) with key stakeholders in the sale process to talk the way forward. I am assuring you that Nigerians will hear good news on 9mobile very soon,” he said in an interview on Monday.

Culled from Daily Trust

Source News Express

Posted 26/07/2018 1:19:34 PM

 

 

CLASSIFIED ADS

 

You may also like...
Dry, sunny and conditions hazy conditions, localised thunderstorms...

Breaking News: KOLADE RESIGNS as SURE-P CHAIRMAN

Okowa congratulates Super Eagles for AFCON 2019 Qualification...

FG spends N200bn on road development

Fire for fire as gunmen attack churches in...

Miyetti Allah orders Saraki to resign or be...

Extension of tenure of Service Chiefs counter-productive: HURIWA...

Intelligence services tackle Boko Haram informants, deploy phone-interceptors...

Ibadan boils, as pro, anti-Ajimobi groups clash

Another Kogi worker slumps, dies, over non-payment of...

Buhari blames sabotage, theft for power supply woes...

Dokubo visits Amnesty Programme-sponsored students in U.S

 

Latest News Pressure mounts on Secondus to resign as PDP National Chairman Toddler falls into hot pot during party, dies Smugglers use 2,000 illegal routes in North ― Customs Comptroller FG explains why whistle-blowing has reduced Nigeria’s security situation unpredictable ― Buhari WAEC establishes online platform for candidates to request certificates Boko Haram: Gallant soldier bags automatic promotion 2 killed, scores injured as gunmen invade bank in Ekiti Nigeria’s disintegration will be costly ― Cardinal Onaiyekan Attempted homicide: Police arrests herbalist as teenager’s left hand is amputated Oversight: Sagay accuses Senators of extorting MDAs Lagos CP declares state of emergency on traffic, deploys 1,000 additional personnel

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (564,464 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (453,121 views) Shameless Genevieve Nnaji exposes breasts in public (402,422 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (336,950 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (304,436 views) 10 cars more expensive than Jets (283,172 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (259,407 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (257,642 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (239,158 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (225,592 views) Lagos plane crash: Journalist releases victims’ names (201,933 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (198,590 views)

 

CBN milk production

CBN banner advert

UBA Wise Savers Promo

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (110) Business & Economy (4,581) Business Verdict (87) Columnists (1,147) Complaints & Requests (97) Enterprise & Opportunities (219) Entertainment (708) Features (845) Global Business Monitor (493) ICT Monitor (68) International (4,229) Interview (212) Live Commentary (30) Love Matters (176) Maggie's Blog (490) News (54,247) Opinion (1,424) Pidgin (17) Politics (11,788) Religion (1,122) Sports (2,230) Stock Watch (40) AMA & Al Jazeera Global Update

 

 

 

 

 

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera