Alan Sinfield has been appointed as the new chief executive officer of 9mobile, one of Nigeria’s major telecommunications company. The telecoms company announced Sinfield's appointment in a statement on Monday. Sinfield succeeds Stephane Beuvelet, who has held the position in an acting capacity since November 2018 when the new board took over the company's management. Commenting on his appointment, Sinfield said: "The Nigerian [...]
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9mobile, Nigeria’s fourth-largest telecoms service provider, lost 2,743,322 subscribers between January and December 2019. According to recent subscriber statistics released by the Nigerian Communications Commission (NCC), the telco's share of the market dropped to 7.4%. In January 2019, the telco had 16,385,317 subscribers and by December, the figure had dropped to 13,641,995. Apart from the period between January and March, when 9mobile recorded a [...]
9mobile, Nigeria's fourth-largest telecommunications service provider, says it has gotten a loan of $230 million from the African Finance Corporation (AFC). In a statement released on Sunday and signed by Abdulrahman Ado, its executive director for regulatory and corporate affairs, the telco said the funds will be channelled to innovative product development. Further explaining the loan facility, 9mobile said it will be [...]
Globacom (Glo) has recorded the highest number of subscribers for the month of February, data by the Nigerian Communications Commission (NCC) has shown. In it’s monthly subscriber/operator data report for February, the regulatory body revealed that Glo added 400,879 new subscribers to it’s network for the month under review. The increase for Glo comes despite a reduction in active subscribers on [...]
The management of Emerging Markets Telecommunication Services Limited (EMTS) – trading as 9mobile – says the widely reported court judgment is about the transfer of license, not the sale of the company. It had earlier been reported that Binta Nyako, a judge at the Abuja high court, voided all moves taken with respect to the exchange of ownership of Etisalat. "Any action that [...]
9mobile has announced the appointment of Phillips Oki, a financial management professional, as its new chief financial officer (CFO). NAN reports that Stephanie Beuvelet, acting managing director at 9mobile, disclosed this in a statement issued in Lagos on Monday. Beuvelet said Oki resumed duty after he “emerged as the best person for the position, following a meticulous search process”. “The new Chief Financial [...]
Teleology Holdings Limited has finally taken over 9mobile. This is coming 11 months after the company made it to the top five companies making a bid to take over the telecommunications company. In a statement seen by TheCable, and signed by Mohammed Edewor, Teleology said it "is pleased to announce the constitution of a new Board of Directors for Nigeria's multi-award-winning telecommunication company, [...]
Nigerians can now choose a winner in the “voters’ choice” category for the 2018 edition of the 9mobile photography competition. [...]
Umar Garba Danbatta, executive vice chairman of the Nigerian Communications Commission (NCC), says a $100 million debt is part of the things delaying the handing over of 9mobile to Teleology. Speaking on the sidelines of the ITU Telecom World 2018 conference holding in Durban, South Africa, Danbatta said the debt is outside the $1.2 billion owed to 13 banks. According to the [...]
The board of 9mobile has agreed on the extension of the timeline for concluding the acquisition process. In a statement released on Thursday and signed by Boye Olusanya, the chief executive officer of the telecommunications company, the extension is to allow the parties involved finalise the required documentation and ensure a smooth transition to the new investor. It said the transaction will [...]
Teleology Holdings Limited has requested for a 20-day extension to pay the final bid price for the acquisition of telecommunication company, 9mobile. NAN reports that a source close to Barclays Africa says Teleology communicated its commitment to the payment of the final bid price to the apex bank days ahead of the expiration of the 90-day payment timeline, which lapses on [...]
Airtel and 9mobile, mobile network operators in the country, have opposed the transfer of an 800MHz from Visafone Communications to MTN Nigeria. Speaking in Abuja on Monday at a public inquiry organised by the Nigerian Communications Commission (NCC), representatives of the operators said transferring the spectrum to MTN could result in a monopoly. Chidozie Arinze, 9mobile's head of regulatory affairs, said spectrum [...]
Data made available by the Nigerian Communication Commission (NCC) show that Globacom and 9mobile lost 471,782 internet subscribers between March and April. According to the monthly subscribers' operator data posted on its website on Monday, the number of active mobile telephone lines increased by 11 million to stand 160 million. Internet users increased to 101.2 million in April from the 100.6 million [...]
Fidelity Bank says it has made provision for 50 percent of its loan to 9moile, telecommunications company formerly known as Etisalat. Reuters reports that Gbolahan Joshua, Fidelity's chief operations and information officer, made this known on Wednesday. Joshua said the bank placed 9mobile on a watchlist after it made the decision to increase its provisioning from five percent to 50 percent. Already, the bank [...]
Boye Olusanya, the chief executive officer of 9mobile, says the company will not accept indolence from its staff and or allow them to go beneath industrial standard. Olusanya made this known in a statement released on Friday. "At 9mobile we continuously review our internal control and processes to protect the business as well as the interests of other stakeholders by ensuring we [...]
Teleology Holdings has deposited $50 million for the acquisition of 9mobile, Nigeria's fourth telecommunications network. This payment, which was made on Wednesday, beats the March 22 deadline stipulated by Barclays, the transaction adviser, as a sign of their financial capability and readiness to revive 9mobile. The company is expected to pay a balance of $500 million in the next 90 days to [...]
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