This
development has brought to an end the acquisition process supervised by Barclays Africa, the transaction
advisors. Promoted by Adrian Wood,
the pioneer chief executive officer of MTN Nigeria, Teleology emerged as the
new owner of 9mobile ahead of Smile
Communication Limited, which had been the only other bidder in the final
round of the takeover bid.
Though
over 10 bidders had indicated interest in acquiring the mobile network, only
five were shortlisted before the number was further reduced to three. While
Globacom and Helios failed to back their technical bids with concrete financial
bids, Airtel later pulled out of the process, leaving just Teleology and Smile
Communications.
Teleology,
a private equity firm with an investment portfolio of $11 billion, offered more than $500 million to acquire the mobile
network while Smile offered about $300
million.
According
to industry sources, the company was purposely set up by some influential
investors to revive the embattled telecom. Teleology is run by the pioneer chief
executive officer of MTN Nigeria, Mr. Adrian Wood.
Wood
is an economist who was trained at Cambridge
and Harvard Universities. He is also
the CEO of Brymedia West Africa Limited.
After quitting MTN, Wood, an Australian-born launched an unsuccessful bid
for Nigeria’s pioneer national operator, Nigeria
Telecommunications Limited (NITEL). (Guardian)
Hmmm!!! Folks, have you ever
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products and services or even give you very juicy deals. The link below will
tell you more: http://www.tectono-business.com/2015/07/tectono-business-review-in-conjunction_21.html
Have you heard this? Many
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of exporting commodities to foreign countries. Do you know why? They were not
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you get a practical manual that teaches the stages of export trade from
processing and packaging of commodities to receipt of payment by the foreign
buyers. It teaches export operations, export management, export documentations
and methods of payment in export trade? It is a contemporary step-by-step guide
to export trade. It tells all the contemporary dynamics in export trade. To get
it, click on the link below:
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