BREAKING: Sale of 9mobile to Teleology Nigeria hits deadlock – An Abuja high court sitting has set aside matters on the sale of Etisalat Nigeria, the country’s fourth largest telecom network — which is now 9mobile — to Teleology Nigeria Limited.
According to TheNation, Binta Nyako, the judge, in a ruling, invalidated all moves taken with respect to the exchange of ownership of Etisalat.
“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 judge said.
The ruling, dated April 1, 2019, was in a suit marked: FHC/ABJ/CS/288/2018 filed on April 6, 2018, by two major investors in Etisalat, Afdin Ventures Limited and Dirbia Nigeria Limited.