UPDATED! Teleology Signs MOU For 9Mobile Takeover (PHOTOS)

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Teleology Holdings Limited, which recently floored big communications giants like Globacom, Bharti Airtel and Dangote’s Alheri to win the bid for 9Mobile, on Tuesday moved a step closer to taking over the distressed company when it signed an MOU with the Central Bank of Nigeria, CBN, and 9Mobile to take full possession of the former Etisalat.

Teleology paid a USD50 million non-refundable deposit for the takeover via Keystone Bank, with United Capital Trustee Ltd, United Bank of Africa as beneficiaries.

Barrister Mohammed Edewor signed the MOU on behalf of Teleology, a source close to the company exclusively told CHECKPOINTCHARLEY.

Representatives of the NCC and the banks witnessed the signing.

Recall that Teleology, a particular purpose vehicle, had in January won the takeover bid for 9Mobile.

See below proof that Teleology has paid the required USD50 million non-refundable deposit for the takeover of 9Mobile:

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  1. 9Mobile: Teleology To Pay $450m In 90 Days – NCC – CHECKPOINTCHARLEY

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