Technext Technext
  • Home
  • Stories
    • How GIG Logistics and Visa Help Merchants Deliver Goods at Cheaper Prices Locally and Abroad
      How GIG Logistics and Visa Help Merchants Deliver Goods at Cheaper Prices Locally and Abroad
      1 day ago 0
      616
    • Social Media Roundup: Emefiele’s Money Out of Thin Air, 14th Headies Awards, Others
      Social Media Roundup: Emefiele’s Money Out of Thin Air, 14th Headies Awards, Others
      1 day ago 0
      41
    • ‘Early-stage Startups Need More than Just Funds’ – Key Points from the UK-Nigeria Tech Summit
      ‘Early-stage Startups Need More than Just Funds’ – Key Points from the UK-Nigeria Tech Summit
      2 days ago 0
      80
    • ‘Work From Home Won’t End in 12 Months, Covid-19 Vaccines Notwithstanding’ – Morgan Mierke, Head of W/Africa Logitech
      ‘Work From Home Won’t End in 12 Months, Covid-19 Vaccines Notwithstanding’ – Morgan Mierke, Head of W/Africa Logitech
      2 days ago 0
      888
    • Of Drones and COVID-19 Vaccine Delivery with Arone CEO, Emmanuel Ezenwere
      Of Drones and COVID-19 Vaccine Delivery with Arone CEO, Emmanuel Ezenwere
      2 days ago 0
      76
    • Twitter Unveils ‘Super Follows’ Feature so You Can Charge for Exclusive Tweets
      Twitter Unveils ‘Super Follows’ Feature so You Can Charge for Exclusive Tweets
      3 days ago 0
      611
    • Manchester Utd Fans Across Africa Can Now Stream MUTV on StarTimes
      Manchester Utd Fans Across Africa Can Now Stream MUTV on StarTimes
      3 days ago 0
      875
    • Jumia Recorded Over 4.4 million Cancellations, Returns and Failed Orders Despite a Successful 2020
      Jumia Recorded Over 4.4 million Cancellations, Returns and Failed Orders Despite a Successful 2020
      3 days ago 0
      99
    • Due to Recent Events, is Remitano P2P the Remedy for Nigerians to Buy Bitcoin in Nigeria?
      Due to Recent Events, is Remitano P2P the Remedy for Nigerians to Buy Bitcoin in Nigeria?
      3 days ago 0
      192
  • Features
    • ‘Work From Home Won’t End in 12 Months, Covid-19 Vaccines Notwithstanding’ – Morgan Mierke, Head of W/Africa Logitech
      ‘Work From Home Won’t End in 12 Months, Covid-19 Vaccines Notwithstanding’ – Morgan Mierke, Head of W/Africa Logitech
      2 days ago 0
      888
    • ‘I thought it was Spiritual Problem’- Nigerian Men on How Virtual Sports (Baby) Bankrupted Them
      ‘I thought it was Spiritual Problem’- Nigerian Men on How Virtual Sports (Baby) Bankrupted Them
      5 days ago 0
      270
    • Aeglehealth Lets You Get Medical Care from a Specialist Minutes after Booking an Appointment
      Aeglehealth Lets You Get Medical Care from a Specialist Minutes after Booking an Appointment
      6 days ago 0
      126
    • Symbiotic Relationships are Needed to Enhance Femtech Innovations – Abisola Oladapo, MumSpring Founder
      Symbiotic Relationships are Needed to Enhance Femtech Innovations – Abisola Oladapo, MumSpring Founder
      1 week ago 0
      165
    • CBN Didn’t Ban Cryptos to Fight Criminal Activities but to Curtail Capital Flight- Danny Oyekan, CEO of Dan Holdings
      CBN Didn’t Ban Cryptos to Fight Criminal Activities but to Curtail Capital Flight- Danny Oyekan, CEO of Dan Holdings
      2 weeks ago 0
      266
    • Tony Lauriola of Coins App Explains the Reason Young Africans are Embracing Cryptocurrencies
      Tony Lauriola of Coins App Explains the Reason Young Africans are Embracing Cryptocurrencies
      2 weeks ago 0
      338
    • Why Robotic Process Automation (RPA) is Taking Over Your Job
      Why Robotic Process Automation (RPA) is Taking Over Your Job
      2 weeks ago 0
      298
  • Reviews
    • How GIG Logistics and Visa Help Merchants Deliver Goods at Cheaper Prices Locally and Abroad
      How GIG Logistics and Visa Help Merchants Deliver Goods at Cheaper Prices Locally and Abroad
      1 day ago 0
      616
    • Jumia Recorded Over 4.4 million Cancellations, Returns and Failed Orders Despite a Successful 2020
      Jumia Recorded Over 4.4 million Cancellations, Returns and Failed Orders Despite a Successful 2020
      3 days ago 0
      99
    • Apple Finally Tops Global Smartphone Market and Could Remain There with New iPhone 13
      Apple Finally Tops Global Smartphone Market and Could Remain There with New iPhone 13
      5 days ago 0
      456
    • Meet the 6 Nigerians Nominated for the £25,000 Africa Prize for Engineering Innovation
      Meet the 6 Nigerians Nominated for the £25,000 Africa Prize for Engineering Innovation
      6 days ago 0
      183
    • Onepipe Gives Businesses Access to Numerous Payment Gateways Without Multiple Integrations
      Onepipe Gives Businesses Access to Numerous Payment Gateways Without Multiple Integrations
      6 days ago 0
      112
    • Aeglehealth Lets You Get Medical Care from a Specialist Minutes after Booking an Appointment
      Aeglehealth Lets You Get Medical Care from a Specialist Minutes after Booking an Appointment
      6 days ago 0
      126
    • Tech Events this Week: UK-Nigeria Tech Summit, Startup Funding Webinar and Others
      Tech Events this Week: UK-Nigeria Tech Summit, Startup Funding Webinar and Others
      7 days ago 0
      147
  • Women in Tech
  • Videos
  • Contact Us
Go to...

    Why is Teleology Holdings Dumping 9mobile Just 2 Months after Taking Over?

    Oluwadamilare AkinpeluOluwadamilare Akinpelu
    January 8, 2019
    Why is Teleology Holdings Dumping 9mobile Just 2 Months after Taking Over?

    Teleology Holdings is now set to pull out of 9Mobile just 2 months after taking over the reins at the embattled telco.

    According to ThisDay, the move is as a result of dissatisfaction in its local business partners, 9Mobile Nigeria. Teleology claims that 9Mobile Nigeria has been taking actions outside of the agreed business plan since its formal takeover in November. It also claimed the telco blocked a management services contract with its local joint venture, Teleology Nigeria Limited.

    https://t.co/Ad9Bs5NPHJ https://t.co/9AhJfZKj5Y

    — Ekwueme MikeAnyadibe (@ResPartner) January 8, 2019

    The contract would have enabled Teleology Holdings and its team of experts oversee the implementation of the telco’s elaborate business plans including funding proposals.

    This has caused the spearhead and forerunner of the 9mobile acquisition by Teleology holdings, Adrian Wood, to resign from the board of Emerging Markets Telecommunication Services (trading as 9mobile) as well as the board of Teleology Nigeria Limited.

    “Fifteen Teleology experts have worked since June 2017 on detailed 9mobile turnaround planning, development strategies and financial restructuring. This included lining up more than $500 million fresh direct foreign investment from international institutions. 9mobile is an exciting opportunity to build a revolutionary mobile network that could be the pride of Nigeria, unfortunately it appears that we will not be able to participate. We now must stand down from further work on the 9mobile project,” Wood made known in a statement.

    As a result of this, Teleology Holdings Ltd will be seeking to exit its shareholding in the local joint venture Teleology Nigeria Limited. It will therefore be required to change its name.

    Furthermore, this development puts the $50 million initial deposit paid for the acquisition of 9mobile by Teleology Holdings Limited in peril.

    What Implications Would This Pull Out Have for the Telco?

    UPDATE: Etisalat pulls out of Nigeria, gives 3-week ultimatum for a name change
    WOW! pic.twitter.com/NVmRa5oTSZ

    — Kemi Ariyo (@d_problemsolver) July 10, 2017

    Currently the 4th largest telco in Nigeria, 9mobile, continues to face troubled times since the pull out of parent company, Etisalat, due to indebtedness. The telco has continued to lose its customers since then.

    The telco was also on the verge of disconnection but with the emergence of Teleology Holdings as new owners of the telco, all seemed to be well.

    Now with the pull out of Teleology Holdings, 9Mobile faces the threat of disconnection from telecoms infrastructure provider, IHS Towers. This would effectively shut out about 15 million subscribers who will be unable to make calls via its network. Such a disconnection could send 9Mobile packing for good.

    9Mobile is also heavily indebted to several of its suppliers and the only way of covering these debts is through Teleology’s takeover. According to a staffer at the company, if Teleology pulls out, it will be a tragedy.

    With the several business and strategic gaffes Teleology has accused 9Mobile of, it will be difficult for another prospective investor to consider the telco. Nobody wants to spend their money and time on strategies and effectively planning only to be thwarted at the execution stage.

    But all this again puts out the question which has continually lingered on the hearts of many – what next for 9mobile?


    If you’d like to get featured on our Entrepreneur Spotlight, click here to share your startup story with us.


    SUBSCRIBE

    Get latest Technology news, reviews, business-related content with a deliberate emphasis on the African narrative and insightful analysis in Nigeria – straight to your inbox.


    Comments

    Share :
    • Facebook
    • Twitter
    • Google+
    • Pinterest
    • Linkedin
    • Email
    Oluwadamilare Akinpelu

    Oluwadamilare Akinpelu

    Oluwadamilare Akinpelu is a lover of the Tech World. He is a calm person and also a protean writer.

    Careers24 Pulls Out of Nigeria as Naspers Looks to Follow 2001 Playbook
    Next article
    Careers24 Pulls Out of Nigeria as Naspers Looks to Follow 2001 Playbook
    RemitFund Launches Social Venture Diaspora Fund for Investment into African Businesses
    Previous article
    RemitFund Launches Social Venture Diaspora Fund for Investment into African Businesses

    Related Posts

    • Reviews, Stories 1 day ago

      How GIG Logistics and Visa Help Merchants Deliver Goods at Cheaper Prices Locally and Abroad

      How GIG Logistics and Visa Help Merchants Deliver Goods at Cheaper Prices Locally and Abroad
      Stories 1 day ago

      Social Media Roundup: Emefiele's Money Out of Thin Air, 14th Headies Awards, Others

      Social Media Roundup: Emefiele’s Money Out of Thin Air, 14th Headies Awards, Others
      Stories 2 days ago

      'Early-stage Startups Need More than Just Funds' - Key Points from the UK-Nigeria Tech Summit

      ‘Early-stage Startups Need More than Just Funds’ – Key Points from the UK-Nigeria Tech Summit
    • Features, Stories 2 days ago

      'Work From Home Won't End in 12 Months, Covid-19 Vaccines Notwithstanding' - Morgan Mierke, Head of W/Africa Logitech

      ‘Work From Home Won’t End in 12 Months, Covid-19 Vaccines Notwithstanding’ – Morgan Mierke, Head of W/Africa Logitech
      Stories 2 days ago

      Of Drones and COVID-19 Vaccine Delivery with Arone CEO, Emmanuel Ezenwere

      Of Drones and COVID-19 Vaccine Delivery with Arone CEO, Emmanuel Ezenwere
      Stories 3 days ago

      Twitter Unveils 'Super Follows' Feature so You Can Charge for Exclusive Tweets

      Twitter Unveils ‘Super Follows’ Feature so You Can Charge for Exclusive Tweets

    Bitcoin Recent Prices

    Brandest

    Sign up for Newsletters

    Popular News

    • Facebook Wants to Enable Users Make Money From Instagram and Facebook Livestreaming
      Facebook Wants to Enable Users Make Money From Instagram and Facebook Livestreaming
      10 months ago 0
    • Banks and Telcos will Lose Revenue with New N1.63 USSD Charge but Customers Could Still Suffer the Brunt of it
      Banks and Telcos will Lose Revenue with New N1.63 USSD Charge but Customers Could Still Suffer the Brunt of it
      7 months ago 0
    • Bayo Adekanmbi, Founder of Data Science Nigeria Wins 2019 Wangari Maathai Impact Award For Work in AI and Machine Learning
      Bayo Adekanmbi, Founder of Data Science Nigeria Wins 2019 Wangari Maathai Impact Award For Work in AI and Machine Learning
      July 26, 2019 0
    • Bitcoin Price Crosses $10,000 as Analysts and Traders Predict New Heights for the Cryptocurrency
      Bitcoin Price Crosses $10,000 as Analysts and Traders Predict New Heights for the Cryptocurrency
      7 months ago 0
    • Updated: Twitter Will Not Remove Accounts Belonging to the Deceased
      Updated: Twitter Will Not Remove Accounts Belonging to the Deceased
      November 27, 2019 0

    Follow Us

    Latest Tweets

    • technextdotng Morgan touted that employees are getting to the stage where the absence of teamwork, collaboration, meeting around… https://t.co/EPKZ5T1Id8
      about 3 hours ago
    • technextdotng "Our smallest delivery drone has the capacity to deliver all the vaccines needed in a typical vaccination center fo… https://t.co/erKUUb77Z9
      about 6 hours ago
    • technextdotng GIG Logistics (GIGL) has partnered with Visa to create a Merchant App that solves this problem. The app is poised… https://t.co/vAm3FRduWe
      about 9 hours ago
    • technextdotng CBN Governor, Godwin Emefiele appeared before the Nigerian senate to explain the apex bank’s reasons for clamping d… https://t.co/xMmJXnuwAA
      about 12 hours ago

    Instagram

    technextdotng

    Technext.ng is the go-to site for news, reviews and insightful analysis in the Nigerian tech space.
    http://ow.ly/ayTM30mSlGS

    "if the CBN’s major concern is capital control t "if the CBN’s major concern is capital control they can be limits to how much users can purchase using exchanges or OTC Desks."
-
@trillionaire, Founder, @coins.app and @dan.holdings on regulation the CBN Governor can place on Cryptocurrency.
#bitcoin #Crypto #Bitcoin #cryptocurrencies #cryptoworld #cryptotrading #cryptomarket #cryptonews #cryptoinvestor #bitcoininvestment #bitcoinexchange #ethereum #Nigeria
    Known for viral trends and iconic memes, TikTok ha Known for viral trends and iconic memes, TikTok has been loved by many as a place where spreading joy and information goes beyond age. Whether it’s quick educational videos you’re looking for or fun tips on how to get involved in the latest viral challenge, TikTok is an all-inclusive platform where adults can come as well to not only express themselves creatively but to be their authentic selves.

Still think that TikTok is for teenagers only? Keep reading!

This list is a mix of 30 TikTok celebs and creators, all over the age of 30, who constantly remind us that TikTok is a place where everyone belongs. Check out their profiles to find educational and entertaining videos that you won’t be able to get enough of. 

Check them all at Technext.ng
.
.
.
@tokemakinwa, @_tosinsilverdam, @toyin_abraham, @ufuomamcdermott, @veezeebaybeh, @wofaifada, @yeancar_posh, @yemialade, @deejayneptune, @kunleremiofficial
.
#fashionista #influencerlife #ootd #tiktok #likes #k #marketing #digitalinfluencer #viral #vibes #socialmedia #fashionstyle #motivation #instagramers #explorepage #moda #followers #f #inspiration #instafashion #beautiful #followme #fashioninfluencer #business #cute #instagram #instalike #photo #styleblogger
    Seems Spotify is here to take the crown. Which of Seems Spotify is here to take the crown.

Which of the platforms do you currently use?
Will you be making a change?
#Spotify #Music #YouTube
    Popular music streaming platform, Spotify has fina Popular music streaming platform, Spotify has finally expanded to Nigeria and several other African countries.

The company announced the expansion on Monday during its Stream On event for creators and partners. As the platform rolls out, music lovers in new markets will get to access content on mobile apps and in the browser. Apps for TV, consoles, speakers, wearables, and cars will be launched in the “coming months”.

Will you use the app now that is legally available?
.
.
.
.
.
.
#dj #radioshow #podcast #electronic #dance #music #progressive #pro #Spotify #Nigeria #Africa #music #love #hiphop #art #rap #musician #singer #rock #life #dance #photography  #song #guitar #happy #style #producer #fashion #newmusic
    It takes courage to know yourself well enough to c It takes courage to know yourself well enough to choose where your energy comes from and goes to. 
#TechNext #MondayMotivation #mondaythoughts
    Love is in the air! On this episode of #SteetTec Love is in the air!

On this episode of #SteetTech we ask people what their experience was dating people online.

Full video in bio

#ValentinesDay #Valentine #Dating #Love #ValentinesDay #Love #Romance #TechTips #TechSupport #valentine #valentinegift #valentines #valentineday
    Load More... Follow on Instagram

    Random News

    • Singplus, Africa’s First Karaoke App Launches New ‘Private Message’ Feature on Android Devices
      Singplus, Africa's First Karaoke App Launches New 'Private Message' Feature on Android Devices
      February 5, 2018 0

      Singplus (Sing+), Africa’s first karaoke app, recently added an update which allows its users send direct messages within the community, ...

      Read More
    Copyright 2020 technext.ng | Privacy Policy | Media Policy