Teleology finally acquires 9mobile in over $500 million deal

Adrian Wood, the former Chief Executive of MTN Nigeria in 2002, has been selected as the preferred bidder of 9mobile – formerly known as Etisalat.

Teleology offered more than $500 million to acquire the 9mobile network while Smile Communications – the advanced 4G network service provider, offered about $300 million.

To take full possession of the Telecom company, 9mobile, the two companies: Smile and Teleology are given 30 days period to prove that they have the financial resources to take over the troubled Telco and official announcement about the acquisition of 9mobile will be made by NCC, latest, next Monday.

Though, 16 bidders were interested to acquire 9mobile, only five were shortlisted and was later reduced to three. Globacom, Helios and Airtel later pulled out leaving just Smile Communications and Teleology.

Although Spectrum Wireless Communication has obtained a court injunction stopping the sale of 9mobile, requesting for refund of the $35 million it invested on Etisalat – now 9mobile, but source said it has been appealed.

What’s your say concerning this troublesome acquisition of 9mobile?


  1. I just hope it shouldn’t got terminated on the way again just like before, dropping bidders all the time! Wish all the three chosen bidders all the best!
    Thanks so much for sharing

  2. Finally again…?! Just 3 networks that are qualified! Oww what about Glo? O my God, this is not fair at all..
    Torr! I hope they are not going to do wayyo again!
    Thanks for the info

  3. They should just give it out as they wish, i don’t put my mind in that matter again.. Who you help..!?!
    Thanks for the info jarri

  4. what a quagmire. the difference between the price Teology offered and that which Smile offered is too much -Teology is definitely going to be the Victor so far he is able to give his proof… and. I don’t think it should go to Smile reason why is that they might not reduce the data prices. someone else who won’t aggravate these data prices should acquire it and stop the quagmire

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