No Licence Issued Yet In Teleology 9mobile transaction
The Nigerian Communications Commission (NCC) has not yet issued a telecoms operating license to Teleology Holdings who won the bid for Nigeria's fourth largest mobile operator 9mobile (formerly known as Etisalat).
Prof. Umar Danbatta, the Executive Vice-Chairman and CEO of the NCC said that the Commission had not issued a new operating license to Teleology and had so far not transferred Etisalat's operating license to its new owners.
He said that no licence had been transferred and that the permit in the possession of EMTS, which traded previously as Etisalat and then later, after the approval of the NCC, as 9mobile, was still with EMTS.
Hon. Saheed Akinade-Fijabi, the Chairman of the House Committee on Telecommunications, argued that contrary to Prof. Danbatta’s statements, it was still being reported in newspapers that Teleology had officially taken over 9mobile.
The lawmakers expressed their concern over the limited information that had been made available about 9mobile’s new owners and how they could be contacted.
Akinade-Fijabi said that the committee did not know operator called Teleology because they had never appeared before the House Committee. He said that since the NCC knows about Teleology, they should help the committee to contact them.
Representatives from Teleology are scheduled to appear before the lawmakers, and industry sources have told ITWeb Africa that this upcoming process will have a significant impact on what line of action is to be taken by legislators.
While the lawmakers may not directly reverse the transaction that has already taken place, there is speculation that they could possibly put pressure on the regulator to stop Teleology from operating as exemplified by the licence requirement.
Taiwo Ibikunle, a telecoms analyst, said that the lawmakers could not directly harm Teleology, but they would oversee the budget and operations of the NCC which is the body that would ultimately issue a license to Teleology or allow the process of transferring Etisalat's license to it.
The analyst stated that the NCC could never blatantly and openly go against the lawmakers, it could only lobby and try to convince them to think otherwise.
Credit: This article originated from www.itwebafrica.com