Nigeria Telecom

Why Teleology is yet to take over 9mobile

Teleology Holdings ownership of 9mobile not guaranteed

Executive Vice Chairman (EVC) of the Nigerian Communications Commission (NCC), Professor Umar Garba Danbatta, has alluded reasons Teleology is yet to take over 9mobile.

TheNewsGuru (TNG) reports Prof. Danbatta gave reasons for the delay in the sale of 9mobile to Teleology at a session with journalists recently.

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Speaking on the sale of 9mobile to Teleology, the EVC stated that a 15.3 billion naira debt owed the NCC and Federal Government by 9mobile had stalled the sale, but that about half had been paid and the technical evaluation and due diligence on the sale have almost been concluded.

“9mobile owed N12b Annual Operating Levies (AOL) for two years, numbering fees of N1b and spectrum fees of N2.3b and on paying the spectrum fees, half of the AOL and half of the numbering fees, the NCC transmitted a letter of ‘No Objection’ to allow the transfer of shares to United Capital from Emerging Markets Telecommunications Services (EMTS), the original owners of Etisalat Nigeria.

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“As soon as they meet the next conditions and the technical evaluation of Teleology is concluded, we will again transmit the final approval letter of ‘No Rejection’ for transfer of shares from United Capital to Teleology,” he said.

 

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