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Teleology Poised to Takeover 9mobile despite Controversies



The acquisition of 9mobile by Teleology Holding may go ahead, in spite of the controversies that have surrounded the entire process since inception.


9mobile’s acquisition by Teleology Holdings has incited opposition from many quarters, including some groups who are trying to use the courts to foil the process.


According to TMT Finance, even though the investment firm, Teleology Holdings will most likely not be disqualified from acquiring 9mobile, it may still be invited before House of Representatives to make an official presentation of its plans for the telco.


But, the ongoing sale of the embattled telecoms company has been temporarily placed on hold by a Federal High Court. This is to deal with the protests of some of the company’s angry shareholders, including Alhaji Dahiru Mangal, a businessman.


Not deterred, Teleology has however,  intensified efforts to beat the deadline for the payment of the bid sum as it shops for $300 million.


According to the report, Teleology Holdings had hired UBS to help it raise a $300 million bridge loan from local banks and investors to cement the acquisition.


UBS is a global firm providing financial services in over 50 countries.


Teleology, it was gathered, made an offer of $301 million to acquire 9mobile, and has since paid the $50 million non-refundable cash deposit to clinch its preferred bidder position for the sale of 9mobile.


The remaining amount to be paid will be raised via equity, the TMT Finance report said.


Teleology, a special purpose vehicle (SPV), was set up by Nigerian investors.


Teleology is under the stewardship of Adrian Wood, one of the past CEOs of MTN Nigeria.

Adrian Wood

Adrian Wood, an Australian-born technocrat, was the Chief Executive Officer of MTN Nigeria from 2002 to 2004.


In all of the opposition, Wood remained resolute and optimistic that he would deliver on promise in terms of the financial ability of Teleology to pay all monies pertaining to the acquisition of 9mobile, and in terms of the technical capability to handle 9mobile.


To set the ball rolling, Wood, in less than 24 hours after meeting the March 22 deadline for the payment of the $50 million non-refundable cash deposit for 9mobile, announced his 10-point agenda on which the telecoms company would be managed.


Teleology, in a statement, detailed an ambitious action plan that would guide its rapid overhaul not only of the network but all aspects of the operations.


According to Wood, “9mobile is transiting into a new phase that will be defined by optimal value delivery: value to our employees, value to our customers, value to local communities and indeed to all stakeholders.”


He added that the new organisation to emerge would be “engineering led and brand driven.”


“In delivering service, we will strive to ensure that 9mobile operations deliver fulfilment to our customers, empowerment to local communities, protection to the vulnerable, and excellent rewards not only to our shareholders but to all stakeholders,” Wood said.


Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

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Glo Offers Subscribers 125% Data Bonus



L-R: Afolabi Otufowora, Regional Head, Marketing Communications, Adunola Agboola, Brand Specialist, Ashok Israni, Regional Chief Marketing Officer, Iretiola Jonathan, Brand Specialist, and Kenechukwu Okonkwo, Head of Prepaid Activations, all of Globacom, at the media launch of Glo Oga SIM, in Lagos on Wednesday.
 Globacom has unveiled another mouth- watering product  tagged “Oga SIM” which offers  an unprecedented 125 percent bonus on data bundle subscriptions on the network.Ashok Israni, Regional Chief Marketing Officer, Globacom, disclosed at the product launch held at the Mike Adenuga Towers, Lagos head office of the company that “Oga SIM is the king of all products in the telecommunications industry. With the product, you do not need to look any further for value and reliability”.

He enthused that the product guarantees the best value to prospective Glo Data customers. The company revealed that old data subscribers who have not utilised Glo data services in the last three months will equally enjoy the benefits. Both categories however need not do anything other than buy a data subscription of their  choice.

Said Israni, “This is the best offer at the market place at this point in time in this country,” Israni said, adding, “no other offer comes close.  This consolidates Globacom’s position as the company that gives unbeatable value to all categories of its customers”.

According to him, a new subscriber who purchases N500 worth of data subscription will automatically get 1.8GB of data instead of the usual 800MB; while one who subscribes to a N1000 data package receives a 3.6GB in place of 1.6GB.” N2000 gives the subscriber 8.2GB instead of 3.6GB, while N2,500 gives a whopping 12.9GB instead of 5.7GB.

He opined that the product  is  the biggest data offering in Nigeria and enjoined telecommunications subscribers in the country to avail themselves of the Glo “unmatchable offer” and further said that subscribers who wish to enjoy the offer should   dial *777# in order to glimpse the data bundles available and choose one according to their purchasing power.

While describing “Oga SIM” as a ‘must have’ for everybody, he averred that the value to be derived from “Oga SIM” can be shared or gifted.

According to Israni, Globacom has invested millions of dollars into optimising and upgrading  its  network thereby enhancing ,  its capacity to provide  excellent experience  to consumers on the network.

The telecommunications giant is the only operator with a wholly-owned submarine cable, Glo-1, linking Europe and America to West Africa. This feat, said Israni, has enabled the company to consolidate its reputation for delivering a much faster and robust connectivity for voice, data and video to subscribers in the West African sub region.

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MTN Nigeria Inks N200bn loan facility with 12 banks for Network Expansion



L-R: Executive Director, Corporate Banking, First Bank Remi O. Oni; Chairman, Management Board, Aluko and Oyebode, Gbenga Oyebode; Chief Executive Officer, MTN Nigeria, Ferdi Moolman, and Executive Director, Corporate & Investment Banking, Union Bank, Emeka Okonkwo during the signing of N200 billion Medium Term Facility with consortium of banks, in Lagos recently.

MTN Nigeria on Wednesday signed a seven-year N200 billion medium term facility with a consortium of twelve (12) local banks, with FBN Quest acting as facility agent.


Ferdi Moolman, Chief Executive Officer, MTN Nigeria, at the formal agreement signing ceremony held in Lagos, said that the medium term facility is expected to enable MTN to fund its capital expenditure, working capital along with evolving business opportunities.


Moolman expressed enthusiasm at the completion of the agreement, saying it signposts MTN’s commitment to and confidence in Nigeria, and the strength of the strategic collaboration between MTN Nigeria and local financial institutions, that will help deepen and broaden the provision of ICT services in Nigeria:


According to him, “The signing of this loan facility is a major landmark in our expansion programme in which we are making significant investments.


“The facility will enable us evolve the network to deliver convergent and superior quality, drive voice capacity expansion and data service penetration, maintain optimal capital structure and funding level that support growth and expansion.


“Making it possible for people to connect to each other and the world, find and share information and ideas, create and access new digital services and reimagine old services.


“This partnership puts in place infrastructure that empowers commerce, industry and the provision of public services.”


He lauded the participating financial institutions for staying committed to MTN, stressing that the loan syndication showcases the strength of the Nigerian financial institutions and their confidence in MTN’s vision, as well the joint ability of the parties to stimulate significant economic growth.


The facility is structured with a two-year moratorium and a repayment plan of five years and is denominated in Naira.


It is provided by a syndicate of banks made up of Citibank Nigeria Limited, Diamond Bank Plc, Ecobank Nigeria Plc, Fidelity Bank Plc, First Bank of Nigeria Plc, First City Monument Bank (FCMB) Limited, FSDH Merchant Bank Limited,


Others are Rand Merchant Bank (RMB) Nigeria Limited, Standard Chartered Bank Plc, Stanbic IBTC Bank Plc, United Bank for Africa (UBA) Plc and Union Bank Of Nigeria Plc.


The said that this bold step will assist them to continue to provide optimum services and products for over 55 million and ever-growing customer base.


Mr. Akin Oyebode, who represented the chairman of MTN Nigeria, Mr. Paschal Dozie, said “MTN has been in the market for the past 17 years. It’s been significant. Innovation, geographical spread and network expansion. ‎ MTN won’t be where it is today without the support of our lender banks.”


He added that even with the pressures banks face in terms of credit, the company still enjoys the support of the banks, noting that it’s commendable.


Remi Oni, Executive Director, Corporate Banking, First Bank Nigeria Plc, speaking at the ceremony said that they are proud of the completion of what seems as a tortuous journey for them adding that they are committed to supporting MTN’s businesses.


Emeka Okonkwo, Executive Director, Corporate & Investment Banking, Union Bank, said that partnering with MTN is more than just rendering financial services.


He added that they are privileged and humbled to be part of the medium term facility process.



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Infinix Mobility Unveils Hot S3X, The First Notch Screen Smartphone with A.I Selfie Camera



Premier smartphone brand, Infinix Mobility has just unveiled Africa’s first and biggest notch screen smartphone with A.I Selfie camera – Infinix Hot S3X.

The device is the latest addition to the Hot S series family, it joins a long list of devices that make up an impressive product portfolio from Infinix and reemphasizes the brand’s aptitude for designing stylish smartphones with sophisticated tech features.

The Hot S series which was officially launched in 2016 is a lifestyle smartphone series comprised of devices with innovative features and an apparent stylish appeal which most smartphone consumers find utterly irresistible.

With the Hot S3X, Infinix Mobility has delivered a 6.2-inch notch screen smartphone which is a first of its kind within the African smartphone ecosystem.

The notch screen is essentially a cut-out, at the top, of a part of the screen display that retains the display space on either side of it, for information such as date, battery statistics and more, and for apps.

The HotS3X comes in a lustrous design measuring at 156.7×75.3×8.3mm. The notch screen is inculcated with a 6.2-inch screen size, 720×1500 screen resolution and the 18:9 screen aspect ratio that gifts the Hot S3X a scintillating aesthetic. This device is also poised to be a trendsetter for subsequent devices to be released within the field of smartphone creation.

The Hot S3X has a 16MP A.I (Artificial intelligence) selfie camera with dual LED flash. The A.I selfie camera recognises the user’s environment within milliseconds, the best various light shades and automatically picks the best settings for high quality images.

It also has dual rear cameras (13MP+2MP) which features geo-tagging, autofocus and face detection for the best quality photos.

The Hot S3X is powered by a 4000mAh battery with 2A quick charge and runs on Android 8.1 Oreo OS coupled with 430 Qualcomm Snapdragon processor chipset for a fully optimized system without glitches. The Hot S3X also possesses rear fingerprint sensor, Face Unlock system, accelerometer and so much more.

Marketing Communications Manager, Infinix Mobility Nigeria, Tayo Odunowo deliberated on the device’s significance to its target audience as it is a tool to bridge the gap between futuristic technology and today’s world

“OEMs globally are always on the lookout for the next big thing to talk about. It is evident carefully looking at the features on the Hot S3X that we at Infinix take pride in our ability to understand and meet our youthful consumers’ needs, and eventually surpass their expectations”.

The Hot S3X comes in colour variants such as Berlin Grey, Milan Blue, Ice Blue and is currently on sale within every authorised Infinix retail store nationwide.

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