Friday, July 19, 2019

Tag "9mobile"

    Glo gains over 400,000 new customers despite decline in total GSM subscribers

Glo gains over 400,000 new customers despite decline in total GSM subscribers

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 [...]

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    9mobile: Court case about transfer of licence, not company’s sale

9mobile: Court case about transfer of licence, not company’s sale

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 [...]

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    9mobile appoints new chief financial officer

9mobile appoints new chief financial officer

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 [...]

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    Teleology finally takes over 9mobile, names new board

Teleology finally takes over 9mobile, names new board

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, [...]

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    Top 100 entries selected for 9mobile photography competition

Top 100 entries selected for 9mobile photography competition

Nigerians can now choose a winner in the “voters’ choice” category for the 2018 edition of the 9mobile photography competition. [...]

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    Danbatta: $100m debt delaying 9mobile takeover

Danbatta: $100m debt delaying 9mobile takeover

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 [...]

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    9mobile board approves extension of acquisition timeline

9mobile board approves extension of acquisition timeline

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 [...]

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    Teleology gets 20-day extension for 9Mobile deal

Teleology gets 20-day extension for 9Mobile deal

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 [...]

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    Airtel, 9mobile oppose transfer of Visafone’s spectrum to MTN

Airtel, 9mobile oppose transfer of Visafone’s spectrum to MTN

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 [...]

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    Glo, 9mobile lose internet subscribers as active mobile lines hit 160m

Glo, 9mobile lose internet subscribers as active mobile lines hit 160m

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 [...]

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    Fidelity Bank makes provision for 50 percent of 9mobile’s loan

Fidelity Bank makes provision for 50 percent of 9mobile’s loan

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 [...]

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    9mobile: We won’t accept indolence from our staff

9mobile: We won’t accept indolence from our staff

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 [...]

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    Teleology deposits $50m for 9mobile acquisition

Teleology deposits $50m for 9mobile acquisition

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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    NCC: Incompetent investors won’t take over 9mobile

NCC: Incompetent investors won’t take over 9mobile

The Nigerian Communications Commission (NCC) has promised to ensure that 9mobile is taken over by investors with the requisite technical capability and pedigree to manage the organisation.Tony Ojobo, spokesman of the NCC, said this in a statement issued on Friday.The statement said the regulatory agency has vowed to avoid past mistakes that led to the near-collapse of Nigeria’s fourth largest mobile [...]

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    Finally, Olusanya confirms 9mobile will be sold to Teleology

Finally, Olusanya confirms 9mobile will be sold to Teleology

Boye Olusanya, the chief executive officer (CEO) of 9mobile, has finally confirmed that the telecommunications company, formerly known as Etisalat Nigeria, will be sold to Teleology Holdings.According to Olusanya, Teleology Holdings emerged the best bidder in the sale process, while Smile Telecoms Holdings is considered as reserved bidder if Teleology reneges on its bid for the multimillion-dollar company.In a communication [...]

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    REVEALED: 9mobile winner will NOT emerge on Jan 16

REVEALED: 9mobile winner will NOT emerge on Jan 16

The Nigerian Communications Commission (NCC) says the successful buyer of 9mobile will not be announced on January 16.Instead, January 16 is the deadline for all shortlisted bidders to submit their proposals to Barclays Africa, the transaction advisers.Barclays will then make a recommendation to the interim board of 9mobile, after which the winner will apply to NCC for the final stage [...]

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July 12, 2019USDGBPEUR
INTERBANK306397354
LAGOS362475413
KANO361474413
PH361475412
ABUJA362476413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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