Backlays Africa, the financial adviser to the consortium of banks owed $1.2 billion dollars by 9mobile (formerly Etisalat), has formally communicated Teleology Holdings Limited, informing the company that it is the preferred bidder for the 9mobile sale.
Barclays Africa in the letter sent to Teleology Holdings on February 21, directed Teleology Holdings to make a non-refundable cash deposit of $50 million within 21 days from the date of the letter or lose the bid to the reserve bidder, Smile Holdings Limited.
According to available information of the preferred bidder’s Board, Mr. Adrian Wood, the second CEO of MTN Nigeria from 2001 -2004 and who succeeded Mr. Karel Piennar, is the Chairman of the Board. He is bringing in over 30 years’ experience in the global telecoms sector to lead Teleology Holdings.
The operational team comprises the Teleology Group CEO, Sven-Axel Brudnicki, with over 20 years’ experience as telecom executive with international leadership across two continents; the first Nigerian CEO of MTN Nigeria, Mr. Michael Ikpoki, is the legal and regulatory, sales and distribution director of Teleology, while the former Chief Technical Officer of MTN Nigeria, Mr. Demola Elesho, is the Chief Technical Officer of Teleology.
The Chief Financial Officer is Mr. Kemal Shefik, who has over 30 years’ experience in finance and strategy with extensive international experience on three continents.
Other team members include, Mr. Paul Crosa as sales, marketing, MFS, commercial strategy, with over 20 years’ experience in commercial executive with international background across Africa and Latin America; Richard Noren is the procurement, supply chain, systems manager with over 20 years’ experience.
Also in the team are, Rodney Wayne who is the finance, internal auditor; Terry Moorhead who is the chief network architect with over 40 years’ experience, while Robert Gerrity is the Enterprise, B2B and Multimedia Solutions Manager.