Shareholder challenge stalls 9mobile acquisition
A Nigerian federal court has ruled that Teleology Holdings’ acquisition of the beleaguered operator 9mobile must be halted until a shareholder dispute has been settled.
A Nigerian federal court has ruled that Teleology Holdings’ acquisition of the beleaguered operator 9mobile must be halted until a shareholder dispute has been settled.
The imminent merger between Vodafone India and Idea Cellular could result in as many as 5,000 staff – nearly a quarter of the operators’ combined workers – being made redundant.
Teleology’s acquisition of Nigerian operator 9mobile could fall through if it does not pay the remaining $450 million fee within 90 days.