9mobile new owner

You're referring to the recent development in the telecommunications industry in Nigeria!

As of April 2021, Teleology Holdings Limited, a Nigerian company, acquired a 65% stake in 9mobile (formerly Etisalat Nigeria) from the Etisalat Group, a United Arab Emirates-based telecommunications company. This acquisition marked a significant milestone in the history of 9mobile, as it was the first time a Nigerian company had acquired a majority stake in a major telecommunications company in the country.

Teleology Holdings Limited is a Nigerian company founded by Adrian Wood, a British-Nigerian entrepreneur, and his team. The company has a strong presence in the Nigerian telecommunications industry, with a focus on providing innovative and customer-centric services.

The acquisition of 9mobile by Teleology Holdings Limited was facilitated by the Nigerian Communications Commission (NCC), the regulatory body responsible for the telecommunications industry in Nigeria. The NCC approved the acquisition after a thorough review of the transaction, which included a due diligence process to ensure that the acquisition was in the best interest of the Nigerian telecommunications industry and the country's economy.

Under the new ownership, 9mobile has been working to revamp its operations, improve its network quality, and introduce new services to enhance customer experience. The company has also been investing in digital transformation, with a focus on leveraging technology to drive innovation and growth.

Overall, the acquisition of 9mobile by Teleology Holdings Limited is seen as a positive development for the Nigerian telecommunications industry, as it marks a significant milestone in the country's efforts to promote local ownership and participation in the industry.