Bid For 9mobile: Two Finalist Emerged, Smile Holdings and Teleology Holdings

Unfortunately for Glo, they lost in the bid for the acquisition of 9mobile… The table turned the other way and Smile Telecoms Holdings and Teleology Holdings Limitedemerged as the finalist.



It will interest you to know that on either side are former CEOs of MTN Nigeria leading the charge. Smile Telecoms Holdings has one of its leaders Ahmad Farroukh and Teleology Holdings Limited is led by Adrian Wood.

Adrian Wood was the second Chief Executive Officer of MTN Nigeria . He served for almost two years only. Thereafter he was named Group Managing Director of Daily Times of Nigeria. He is currently the CEO of Brymedia West Africa Limited.

Ahmad Farroukh on the other hand joined MTN as Chief Executive Officer after 18 months from Wood departure, is currently the Group Executive Director in charge of Operations at Smile Telecoms Holdings. Given the preeminent role of Smile Nigeria towards the realisation of the Federal Government’s quest for enhanced broadband penetration, Ahmad spends most of his executive time in Nigeria and will be central to Smile’s quest to acquire 9Mobile. 

Looking at the records, Farroukh had more outstanding results than Wood. He increased MTN subscriber base to 40 million and achieved 62% healthy marging between July 2006 and April 2011. 

Look at the table below for both capability:

Smile Telecom Holding and Teleology Holdings Limited final fight will decide the best match for the bride 9mobile. 

Via

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