With Teleology fiasco, Nigeria fails yet another investor test

…lack of technical partner threatens 9mobile sale


The damage done to foreign investor confidence with MTN’s row with Nigerian regulators had barely cooled before another sucker punch was dealt, as a brewing fiasco involving Teleology Holdings and its Nigerian shareholders threatens to taint Abuja’s investment climate. Teleology Holdings acquired 9mobile, formerly Etisalat, last November, after paying some $500 million for the struggling…

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