Connecting Africa is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 3099067.

4G/5G

Nigeria's 9mobile Suffers Further Turmoil

Article Image
Confusion continues to reign over Nigeria’s fourth largest mobile operator. Teleology, which assumed the ownership of 9mobile only two months ago, is reportedly ready to walk away from the operator, according to an article published by Sahara Reporters.

Quoting an unidentified source familiar with the situation, the report claimed that Teleology Holdings has taken the shocking decision because it has been barred from reaching a management service contract with its local joint venture, Teleology Nigeria. Without the agreement in place, Teleology would not be able to put its business plan in place for 9mobile.

The report said that Adrian Wood, who is leading Teleology Holdings, has resigned from 9mobile's board, and has been quoted as saying that "9mobile is an exciting opportunity to build a revolutionary mobile network that could be the pride of Nigeria. Unfortunately, it appears that we will not be able to participate. We now must stand down from further work on the 9mobile project."

Meanwhile, other reports also emerged from different perspectives, pointing out that this may not be the end of the 9mobile affair. For example, Vanguard reported the view of Teleology Nigeria, the local JV, suggesting this could be a tactic between partners vying for ultimate control of 9mobile. Its source inside the operator commented on the alleged withdrawal by Teleology Holdings: "If your information is correct, I don't think 9mobile will even have any issues. 9Mobile has no business with Teleology Holdings, which is owned by Adrian Woods. 9Mobile is owned by Teleology Nigeria Limited, which is a fully registered indigenous company. Teleology Holdings is just a minority interest holder in Teleology Nigeria Limited. It holds only 13% equity."

It is impossible to tell for sure what exactly is happening or is going to happen next, but 9mobile can definitely do without the protracted uncertainty. If the deal with Teleology is to fall apart, not only will the new owner lose the $50 million deposit, but 9mobile will also miss out on the $500 million funding that Teleology has agreed with investors to revamp the operator, which is suffering customer attrition even though the Nigerian mobile market is growing. (See Nigeria's Mobile Market Continues to Grow, as Do 9mobile's Woes.)

— Wei Shi, Site Editor, Connecting Africa

Innovation hub

Story

Moya super app takes aim at SA fintech market

Super app Moya's fintech platform, MoyaPay, aims to be South Africa's most widely used mobile money payments platform.

Story

Hot startup of the month: Kenya's Shamba Pride

This month's hot startup, Shamba Pride, wants to revolutionize the rural agricultural trade ecosystem in Kenya by transforming agro-dealers into franchised 'DigiShops.'

More Innovation hub

Guest Perspectives

Story

Omdia View: April 2022

By Omdia Analysts

This month's Omdia View highlights indicate a shift to digital transformation and operational consolidation to maximize return on investments.

Story

Omdia View: March 2022

By Omdia Analysts

This month's Omdia summary of the biggest stories in the Middle East and Africa focuses on SA's spectrum auction and new submarine cables landing in Kenya and Togo.

More Guest Perspectives

Partner perspectives

All Partner Perspectives

Flash poll

All polls

Latest video

More videos

Archived webinars

Boosting Customer Experience in the Digital Age

From the first interaction to the last payment: convert leads into clients, drive loyalty and grow your bottom line.

The digital age has ushered in a new era of customer engagement. Consumer demands and expectations are higher than ever – where an affordable but seamless online experience is now the norm.

At a time when competition for your customers is fierce, ensuring a client journey that is tailored to their needs has never been more important. The ability to build these bespoke offerings starts with understanding, and that understanding is built on data.

This webinar will explore how gathering insight is key to growing and retaining a strong customer base; we’ll unpack how CRM platforms, mobile payment, lead capture, and online marketing are key factors in building a successful 21st Century digital business.

  • Customer Experience – understanding consumer expectations of today
  • What easy steps can you take to provide a complete, immersive digital customer experience?
  • How to leverage modern digital tools to build customer loyalty

More Webinars

Sponsored video

More videos

AfricaCom perspectives

Story

Digital inclusion as a catalyst for economic empowerment: Mastercard's Imelda Ngunzu

Mastercard's Imelda Ngunzu talks to Connecting Africa about how digital payment solutions and mobile money are transforming the lives of small business owners, women and marginalized groups in East Africa.

Story

Accelerating women in STEM: In conversation with GirlCode's Tinyiko Simbine

GirlCode co-founder and CFO Tinyiko Simbine talks about why it's important to help girls and young women excel in science, technology, engineering and mathematics (STEM) fields.

Story

How Poa Internet is unlocking meaningful connectivity in East Africa

Poa Internet's CEO Andy Halsall shares his views on what it takes to develop last-mile connectivity and get Africans online in a meaningful way.

More AfricaCom perspectives

Like us on Facebook

Newsletter Sign Up


Sign Up