• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

This is why Teleology Nigeria may not acquire 9mobile after all

Damilare Famuyiwa by Damilare Famuyiwa
April 4, 2019
in Business News, Company News
9mobile Africa Finance Corporation, 9mobile launches AI-enabled chatbot, Enin

9mobile

Share on FacebookShare on TwitterShare on Linkedin

Teleology Nigeria Limited may not be able to acquire Emerging Markets Telecommunication Services Ltd. (EMTS), which trades as 9mobile.

This comes as an Abuja High Court squashed all the moves taken so far with respect to the the telco’s transfer of ownership.

Justice Binta Nyako, in a recent ruling, voided all steps taken so far in respent to 9Mobile’s exchange of ownership.

RelatedStories

9mobile, MTN to roll out National Roaming nationwide before end of July 

9mobile, MTN to roll out National Roaming nationwide before end of July 

July 3, 2025
Federal High Court, REA

9mobile Ownership Battle: Court set to decide on 43 Million shares by Sept 24 

July 2, 2025

“Any action that has been taken concerning the rest of this litigation from the 25th day of April, which is earlier in time, should revert to the position, as of the res, to its 25th day of April 2018.”

The ruling, which was dated Monday, April 1st, 2019, was in a suit marked “FHC/ABJ/CS/288/2018”. The suit was filed on April 6, 2018, by Afdin Ventures Limited and Dirbia Nigeria Limited; the two major investors in 9Mobile.

Investors’ plight

Afdin Ventures Limited and Dirbia Nigeria Limited, who filed the suit, disclosed that despite being major investors, they were left out of decision making, prompting them to seek a refund of their investment estimated at $43,330,950.

The investors, in a newly filed court documents, alleged that the defendants have not only sold the company, despite the existing restraining order, but they have also effected a transfer of ownership to a new set of buyers.

More so, the investors exhibited newspaper publications indicating that the defendants have proceeded with the sale in breach of the pending court order.

About 9mobile

Emerging Markets Telecommunication Services Limited (EMTS) – also known as 9mobile – is a Nigerian private limited liability company.

EMTS acquired a Unified Access Service License from the Nigerian Communications Commission (NCC) in 2007. The License enables EMTS to provide Fixed Telephony (wired or wireless), Digital Mobile Services, International Gateway Services and National/Regional Long Distance Services in addition to spectrum assignments in the 900 and 1800 MHz bands.

With a recent name change and rebranding in July 2017, the company launched its new identity – 9mobile, with an unveiling of the new name and logo.

The new brand identity, according to the telco, reflects the bold and creative attributes which we share with our valued subscribers especially the vibrant youth segment.


Follow us for Breaking News and Market Intelligence.
Tags: 9MobileEtisalatTeleology Nigeria Limited
Damilare Famuyiwa

Damilare Famuyiwa

Famuyiwa Damilare is a trained journalist. He holds a Higher National Diploma (HND) in Mass Communication at the prestigious Nigerian Institute of Journalism (NIJ). Damilare is an innovative and transformational leader with broad-based expertise in journalism and media practice at large. He has explored his proven ability in the areas of reporting, curating and generating contents, creatively establishing social media engagements, and mobile editing of videos. It is safe to say he’s a multimedia journalist.

Related Posts

9mobile, MTN to roll out National Roaming nationwide before end of July 
Corporate deals

9mobile, MTN to roll out National Roaming nationwide before end of July 

July 3, 2025
Federal High Court, REA
Legal & Regulations

9mobile Ownership Battle: Court set to decide on 43 Million shares by Sept 24 

July 2, 2025
MTN
Companies

NCC approves three-year national roaming deal between MTN Nigeria and 9Mobile 

July 2, 2025
9mobile court case. Investors sue 9mobile, Owners of 9mobile, Teleology, 9mobile, KPI, NCC, CBN
Legal & Regulations

Advertising Regulatory Council to investigate 9mobile over alleged N1 billion debt 

May 31, 2025
9mobile court case. Investors sue 9mobile, Owners of 9mobile, Teleology, 9mobile, KPI, NCC, CBN
Sectors

Nigerian telco, 9mobile refutes shutdown rumor amid rising complaints by subscribers 

March 21, 2025
Telecom
Sectors

MTN, Airtel drive telecom growth as subscriptions hit 169.3 million 

March 4, 2025
Next Post
Shareholders sue Boeing, Ethiopian preliminary findings, Boeing 737-Max model crash, Ethiopian Airlines Insurance

Ethiopian Airways Crash Report: It's all crumbling on Boeing 737-Max model

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • Mastercard launches Afrobeat Sonic Anthem to deepen youth engagement in Nigeria 
  • United Capital hosts 2nd Asset Management Investment Forum, focuses on bridging Nigeria’s knowledge and wealth gap 
  • Evaluating AI-Driven alerts that keep Nigerian traders ahead of market moves 

Follow us on social media:

Recent News

Mastercard launches Afrobeat Sonic Anthem to deepen youth engagement in Nigeria 

Mastercard launches Afrobeat Sonic Anthem to deepen youth engagement in Nigeria 

July 11, 2025
United Capital hosts 2nd Asset Management Investment Forum, focuses on bridging Nigeria’s knowledge and wealth gap 

United Capital hosts 2nd Asset Management Investment Forum, focuses on bridging Nigeria’s knowledge and wealth gap 

July 11, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics