After a long period of biding and back and forth speculation, Teleology Holdings Limited has been officially confirmed as the preferred bidder for 9mobile by Barclays Africa who is acting as the transaction adviser.
According to the report, Barclays Africa sent an official letter declaring Teleology Holdings Limited as the preferred bidder.
Teleology was also told to make a non-refundable cash deposit of $50 million within 21 days from the date of the letter or forfeit its position as the preferred bidder which has been done so Teleology Holdings officially owns 9mobile.
They have now formed an alliance with Safaricom a popular Telecom company.
I think Teleology deserved the win after coming on strong right from the start even when some of the bidders ran due to the large debt 9mobile had amassed, I only wish that they don't change the name again, a lot of us haven't gotten used to saying 9mobile we can't afford a new name now.
According to the report, Barclays Africa sent an official letter declaring Teleology Holdings Limited as the preferred bidder.
Teleology was also told to make a non-refundable cash deposit of $50 million within 21 days from the date of the letter or forfeit its position as the preferred bidder which has been done so Teleology Holdings officially owns 9mobile.
They have now formed an alliance with Safaricom a popular Telecom company.
I think Teleology deserved the win after coming on strong right from the start even when some of the bidders ran due to the large debt 9mobile had amassed, I only wish that they don't change the name again, a lot of us haven't gotten used to saying 9mobile we can't afford a new name now.
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