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

Hot startup of the month: Pan-African fintech KamaPay

This month's hot startup is pan-African fintech KamaPay, which helps individuals and businesses make cross-border payments on the continent.

Story

Afretec awards $3.3M in grants to African research teams

The African Engineering and Technology Network (Afretec) has awarded grants worth $300,000 each to 11 university research teams across Africa to advance digital technologies.

More Innovation hub

Latest video

More videos

Sponsored video

More videos

Industry announcements

More Industry announcements

Flash poll

All polls

Africa Tech Perspectives

Story

Deep dive into East Africa's tech startup ecosystem

New survey reveals a lack of access to investors, reliance on international VCs and global recession trends as the biggest barriers for East African tech startups to access funds.

Story

Challenges and opportunities for women's tech careers

A new survey reveals that COVID-19, the cost-of-living crisis, skills shortages and a lack of mentorship have negatively affected women's career development over the past two years.

Story

Survey: Opportunities for Women in Tech

Take our new survey for women across Asia, Europe and Africa looking at the biggest challenges and opportunities for women-led enterprises and trends in tech careers for women.

More AfricaCom perspectives

Upcoming events

London Tech Week
June 13-16, 2023
Queen Elizabeth II Centre, Broad Sanctuary, London SW1P 3EE
Cybertech Africa 2023
August 1-2, 2023
Kigali Convention Center, Kigali, Rwanda
Africa Tech Festival, Home of AfricaCom and AfricaTech
November 13-16, 2023
CTICC, Cape Town
More Upcoming events

Guest Perspectives

Story

Omdia View: February 2023

By Omdia Analysts

In February 2023 key events in the Middle East and Africa included a major Internet project for Africa's underserved by Liquid Intelligent Technologies and Microsoft as well as a 5G launch in Tanzania – that and more in this month's Omdia View.

Story

Omdia View: July 2022

By Omdia Analysts

Kenya and Zambia move towards 5G with new spectrum allocations while Tunisie Telecom plans to shut down its 3G network - that and more in this month's Omdia View.

More Guest Perspectives

Partner perspectives

All Partner Perspectives

Like us on Facebook

Newsletter Sign Up


Sign Up