NCC Implements 9Mobile Damage Control
The Nigerian Communications Commission (NCC) has started putting together measures to prevent any disruption of service at 9mobile following reports that Teleology Holdings might possibly abandon its acquisition deal of the troubled operator.
Even though none of the parties involved had asked the NCC to mediate, Umar Garba Danbatta, the regulator’s Executive Vice Chairman declared that it was taking steps to sort out the issue, noting that the NCC’s solutions remain both investor and customer-centric.
Danbatta said that stability is needed in the Nigerian telecoms industry and that the NCC would do its best to protect the interests of both the investors and the 9mobile subscribers, and ensure that service is not interrupted.
It was recently reported that Adrian Wood, Teleology Holdings’ founder had resigned from 9mobile’s board after it rejected his company’s turnaround plan.
Rumours are doing the rounds that the operator’s leadership had wanted to remove Wood and Teleology all along. It appears that the company will now also walk out of Teleology Nigeria, the entity set up to kick-off the acquisition in which it holds a 13% stake.
9mobile’s board released a statement saying that while all the partners were meeting and delivering their obligations to the partnership regarding monetary contributions, physical availability for important meetings and networking extensively to help build the business. According to 9mobile's statement, Mr Adrian Wood of Teleology Holdings failed dismally to meet expectations.
Credit: This article originated from www.developingtelecoms.com