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With Teleology fiasco, Nigeria fails yet another investor test

…lack of technical partner threatens 9mobile sale

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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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