Teleology Holding, a company led by former MTN Group executive Adrian Wood, has pulled out of Nigeria’s 9mobile just weeks after its $301 million takeover of the firm. with a group of local investors, two people familiar with the matter said on Thursday.
Teleology’s departure comes after disagreements with Nigerian shareholders, the sources said on condition of anonymity.
They gave no further details.
9mobile on Thursday confirmed the departure of Teleology, which had held a minority stake, but did not provide a reason.
Teleology Holding and Wood were not available for comment.
9mobile, formerly called Etisalat Nigeria, is the country’s fourth-biggest telecoms operator and was operated by Abu Dhabi-based telecoms firm Etisalat until the local company defaulted on its debt, forcing lenders to step in to find new investors.
“We unequivocally assure our customers, suppliers, partners, regulators, and stakeholders that the board is committed to continuing the upward mobility of 9mobile,” 9mobile said in a statement.
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Wood is the former chief executive of South African telecoms giant MTN Group’s Nigeria business.
Competition in Nigeria’s mobile telecoms market is intense as the biggest operator, MTN, expands its service through partnerships with banks.
“9mobile has emerged from a period of uncertainty over the past two years to attain an active subscriber base of 16 million, representing a net increase of over 1 million subscribers in the last 6 weeks alone,” the company said.
![Rev. Fr. Anthony Odiong, a US-based Nigerian Louisiana Catholic priest, was arrested in Florida on Tuesday for possessing child pornography, according to law authorities. The suspect is reportedly accused of many other cases of sexual assault. The Waco, Texas, Police Department announced in a Facebook post on Tuesday that officers detained Father Anthony Odiong in Ave Maria, Florida, with assistance from the United States Marshals Service. Waco police announced in March that they had received "credible information" about a sexual assault allegedly committed by Odiong in Texas in 2012. “During the subsequent investigation, a case of possession of child pornography was uncovered,” the police said. The priest was apprehended in Florida by the Caribbean Regional Fugitive Task Force. The Waco Police Department said that he will be extradited to Texas. Odiong had previously served in the Archdiocese of New Orleans before being removed as priest in December of last year due to controversy over homilies in which he claimed, among other things, that the Catholic Church was being taken over by "the gays." At the time, the priest was also accused of abusive behaviour; a Louisiana lady claimed in U.S. bankruptcy court that Odiong had committed both financial and sexual abuse against her. Prior to joining the New Orleans Archdiocese, Odiong served in at least two Texas parishes. On Tuesday, Waco police stated that during their sexual assault investigation, "the presence of other survivors was revealed." “Multiple women have come forward to tell similar experiences as the sexual assault survivor who reported the initial allegation,” the police department said. “Survivors’ experiences ranged from sexual assault and indecent assault, more commonly recognised as groping, and financial abuse, with some survivors experiencing every element of Anthony Odiong’s manipulation.” The police said they “believe there may be more survivors, and we wish to speak with anyone who [has] had similar encounters” with the priest. The Archdiocese of New Orleans issued a brief news release on Tuesday noting Odiong's arrest in Florida. The archdiocese “encourages anyone with any information to contact law enforcement,” the release said.](https://chronicle.ng/wp-content/uploads/2024/08/ezgif-6-4730550ede-450x300.jpg "Odiong: US-based Nigerian Catholic priest convicted over sexual assault")
