Teleology emerges preferred bidder take 9mobile

It appears that Teleology Holdings Limited has emerged as the preferred bidder to acquire 9mobile (formerly Etisalat Nigeria) in Nigeria.

Here's a brief summary of the development:

• In August 2017, Etisalat Nigeria, a subsidiary of Etisalat International, faced a debt crisis and was forced to seek a new investor to take over the company.
• The Nigerian Communications Commission (NCC) and the Central Bank of Nigeria (CBN) intervened to prevent the company from shutting down.
• A bidding process was initiated, and several companies expressed interest in acquiring 9mobile.
• After a thorough evaluation process, Teleology Holdings Limited, a Nigerian company with a focus on telecommunications, has been announced as the preferred bidder.
• The company has agreed to pay $250 million as part of the acquisition deal, with the remaining debt to be settled over a period of time.
• The acquisition is subject to regulatory approval from the NCC and the CBN.

Teleology Holdings Limited is a Nigerian company with a focus on telecommunications, and its emergence as the preferred bidder is seen as a positive development for the Nigerian telecommunications industry. The company has promised to invest in the company and improve its services to customers.

It's worth noting that the acquisition is not yet complete, and regulatory approval is still required before the deal can be finalized. However, the announcement of Teleology Holdings Limited as the preferred bidder is a significant step forward in the process.