Saturday, 27 January 2018

Glo Drops Out Of 9mobile bid As Final two Companies Emerge

The final two companies involved in 9mobile bid has emerged and contrary to public opinion, GLO didn't make the cut.
Before now, GLO was seen as the best match, plus GLO subscribers were hoping that their beloved company won the bid so that they could use 9mobile existing tech and broadband to improve their poor connectivity. I hoped for the same thing too but it seems we have all been disappointed as GLO didn't reach top two.
9mobile bid

The last two companies remaining in the race are Smile Telecom Holdings and Teleology Holdings Limited and interestingly, both companies have former MTN CEOs leading them. Smile has Ahmad Farroukh and Teleology Holdings Limited has Adrian Wood both ex-Mtn CEOs.

Adrian Wood of Teleology Holdings was the second CEO of MTN Nigeria, he lasted 2 years in the said position before heading on to become Group Managing Director of Daily Times Nigeria.

Ahmad Farroukh joined MTN 18 months after Adrian left and is currently Group Executive Director for Smile Telecom Holdings.

According to records, Ahmad had a better running than Adrian during their tenure as Ahmad Farroukh increased MTNs customer base to 40 million subscribers and achieved a healthy margin of 62% between July 2006 and April 2011.

A table has been provided listing the abilities and strengths of both companies, view below;

9mobile new owners

Judging by the table above, Smile is seen as the better competitor however if there is one thing this bid for 9mobile has it is that nothing is certain.
Stay tuned to see matters as they unfold and to see the final winner of the 9mobile bid.

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