Teleology Holdings, a special purpose vehicle promoted by Adrian Wood, a former chief executive officer of MTN Nigeria, has been selected as the preferred bidder of 9mobile, according to New Telegraph.

Teleology, a private equity firm with an investment portfolio of $11bn, offered more than $500 million to acquire the mobile network while Smile offered about $300 million.

Analysts project that if either Globacom or Airtel had taken over the company formerly known as Etisalat, they would have overtaken MTN as the biggest operator in Nigeria by a number of subscribers.

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http://nigeriacommunicationsweek.com.ng/adrian-woods-teleology-buys-9mobile-in-500m-deal/