Barclays Africa has officially written to Teleology Holding Limited, informing the company that it is the preferred bidder for the 9mobile sale.

In the letter sent to Teleology holdings yesterday February 21, 2018 Barclays Africa, the financial adviser to the consortium of banks owed $1.2 billion dollars by 9mobile (formerly Etisalat) directed Teleology Holdings to make a non-refundable cash deposit of $50 million within 21 days from the date of the letter or lose the bid to the reserve bidder, Smile Holdings Limited.

Teleology’s operational team comprises the second CEO of MTN Nigeria, Mr. Adrian Wood, who managed Nigeria’s biggest telecoms company from 2001 to 2004, after the first CEO, Mr. Karel Piennar.

Wood, who is the face of Teleology Holdings, is the chairman of the telecoms company, with over 30 years’ experience in the global telecoms sector.

Teleology Group CEO is Sven-Axel Brudnicki, with over 20 years’ experience as telecom executive with international leadership across two continents.

The first Nigerian CEO of MTN Nigeria, Mr. Michael Ikpoki, is the legal and regulatory, sales and distribution director of Teleology, while the former Chief Technical Officer of MTN Nigeria, Mr. Demola Elesho, is the Chief Technical Officer of Teleology.

Elesho is a specialist in network re-engineering and large scale deployments and has worked for Multi-Links Telecom, MTS, Vodafone Spain, MTN, Airtouch USA, BT and Cellnet.

The Chief Financial Officer is Mr. Kemal Shefik, who has over 30 years’ experience in finance and strategy executive with extensive international experience on three continents.

Other team members include Mr. Paul Crosa as sales, marketing, MFS, commercial strategy, with over 20 years’ experience in commercial executive with international background across Africa and Latin America.

Mr. Richard Noren is the procurement, supply chain, systems manager with over 20 years’ experience in procurement, logistics and supply chain executive with international management roles across three continents.

Mr. Rodney Wayne is the finance, internal auditor, and Terry Moorhead is the chief network architect with over 40 years’ experience, while Mr. Robert Gerrity is the Enterprise, B2B and Multimedia Solutions Manager. (BusinessDay/THISDAY)

Update news