Telecom
Adrian Wood’s Teleology Buys 9mobile in $500m Deal

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.
Adrian Wood
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.
This development may have brought to an end the acquisition process supervised by Barclays Africa.
Smile Telecoms Holdings, a telco operating in Nigeria, Tanzania, Uganda, Congo DR and South Africa, is the reserve bidder.
It was, however, gathered both companies will be given 30 days to prove that they have the financial resources to take over the troubled telco, just as an official announcement is expected to be made, latest, next Monday.
While over 10 bidders had indicated interest in acquiring the mobile network, only five were shortlisted before the number was further reduced to three.
Globacom and Helios had failed to back their technical bids with concrete financial bids, while Airtel pulled out of the process last week, leaving just Teleology and Smile Communications in the acquisition quest.
Airtel pulled out completely, complaining about “too many hidden things” in the health of the company.
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.
MTN currently has about 52 million active subscribers while Globacom and Airtel have 37 million and 36 million respective.
9mobile, formerly known as Etisalat, has over 17 million subscribers, which if added to either of Globacom’s or Airtel’s, would have been higher than what MTN currently has.
Wood was a CEO of MTN Nigeria around 2002 was credited with building a very good business model.
The Australian has remained in the Nigerian business environment since November 2004 when he left MTN.
In July 2017, 9mobile was taken over by banks following a N541 billion debt overhang.
Mubadala Group, the major investor from the United Arab Emirates, pulled out of Nigeria’s fourth largest mobile operator as a result of the debt owed to a consortium of 13 banks.
The telco was then put on sale, with Barclays Africa acting as transaction advisers.
The telecom regulator, Nigerian Communications Commission (NCC), is expected to have the final say after decision of the interim board — because of licensing laws.
The NCC on January 11 had said “Barclays is expected to review the bids received by the deadline and to make recommendations to the 9Mobile Interim Board thereafter.”
After these processes, the interim board of 9mobile will then notify CBN and NCC of the winning bid.
“The NCC and CBN will be duly notified once the 9Mobile Interim Board accepts Barclays’ recommendations and a winning bid is determined in accordance with the terms of the exercise.
“The winner will now apply to NCC in order to commence the processes for securing the regulatory approvals from the Board of the NCC necessary to give full effect to the transfer.”
Meanwhile, the ongoing sale of 9mobile has continued despite a Friday, January 12, 2018, court ruling expected to have put the ongoing sale process in shambles.
In the judgment, Justice Ibrahim Buba of a Federal High Court in Lagos nullified the appointment of an interim board for Emerging Markets Telecommunications Service (EMTS), owners of 9mobile, the country’s fourth-largest telecommunications service operator in Nigeria.
The judge gave the verdict in a ruling on an application by a firm, Spectrum Wireless Communication Ltd, which claimed it invested $35 million in EMTS/Etisalat in 2009.
United Capital, which is the umbrella body of all the 13 banks being owed $1.2 billion by 9mobile, had since appealed the court’s verdict.
Telecom
Telcos Defend N6.98 USSD Charge despite Failed Transactions

Association of Licensed Telecommunications Operators of Nigeria (ALTON), has defended the N6.98 Unstructured Supplementary Service Data (USSD), fee charged on banking transactions, insisting that the cost reflects the service provided by network operators, regardless of whether the transaction is completed.

Gbenga Adebayo, chairman, ALTON, made the clarification during a radio programme, where he addressed growing consumer complaints over what many Nigerians have described as “unfair billing” and the alleged “scam” of data expiration.
Adebayo likened the role of telecommunications companies in USSD transactions to that of a transport service provider facilitating access to banks’ digital platforms.
He said: “The phone company is like a taxi taking you to the bank’s digital office. Even if the bank’s system is down when you get there, you still have to pay the taxi man.
“Every USSD request initiated by a subscriber utilises network resources, irrespective of the outcome of the transaction on the bank’s end.
“When customers make repeated attempts due to failed transactions, telecom operators still provide connectivity for each attempt, thereby incurring operational costs,” he explained.
On the lingering dispute between telecom operators and banks over failed USSD transactions, Adebayo disclosed, “that regulators, including the Nigerian Communications Commission (NCC), and the Central Bank of Nigeria (CBN), are currently reviewing data to determine responsibility for transaction failures.
“Each time you dial a USSD code, the telco provides the access. If the bank does not complete the transaction, it does not negate the fact that the network has already been used,” he added.
The ALTON Chairman also addressed widespread dissatisfaction over data expiration, clarifying that data bundles are sold within defined validity periods and are not designed for indefinite use.
“You can’t carry it in perpetuity, but you have the benefit of extending it without losing unused portions by just resubscribing,” he said.
He explained that subscribers can retain unused data through rollover options, provided they renew their subscriptions before the expiration of the current bundle.
Adebayo further shed light on the concept of toll-free lines, noting that such services are not entirely free but are funded by the receiving organisation.
“There is nothing like free service. These are reverse charge lines where the business or government pays for the calls,” he explained, adding that economic realities have made many organisations reluctant to sustain such costs.
He noted that this has contributed to the limited availability of toll-free services in Nigeria.
While acknowledging consumer frustrations, Adebayo stressed the need for greater public understanding of how telecom services operate, particularly the cost implications of maintaining network infrastructure.
Telecom
EU Warns Meta Could Face Huge Fine Over Underage Facebook, Instagram Users

European Union (EU) has warned that Meta may be failing to effectively prevent children under the age of 13 from accessing its social media platforms, including Facebook and Instagram.

Meta
The warning followed an investigation conducted under the Digital Services Act (DSA), which found that the company’s age-verification safeguards may be inadequate.
EU regulators said preliminary findings showed that children could easily bypass age restrictions by providing false birth dates during registration.
They also noted that tools for reporting underage users were difficult to locate and use, raising concerns about children’s exposure to inappropriate content and online risks.
EU Executive Vice-President for Tech Sovereignty, Security and Democracy, Henna Virkkunen, said platform rules should go beyond written policies.
“Terms and conditions should not be mere written statements, but rather the basis for concrete action to protect users, including children,” Virkkunen said.
Under Meta’s policies, users must be at least 13 years old to create accounts on its platforms.
However, EU officials said the company’s enforcement mechanisms appeared insufficient and did not adequately address the risks posed to younger users.
If the findings are upheld, Meta could face penalties of up to six per cent of its global annual turnover under the Digital Services Act.
The company, however, rejected the allegations, saying it already operates systems designed to detect and remove underage accounts.
Meta added that it would continue to cooperate with EU regulators on the matter.
The investigation, launched in May 2024, forms part of the EU’s wider push to strengthen oversight of major technology firms and improve online safety for children.
Regulators are also reviewing broader platform design concerns, including features they describe as potentially addictive and harmful to users’ wellbeing.
The EU is considering additional measures, including the possibility of introducing a bloc-wide minimum age restriction for social media use, amid growing pressure for tighter child safety regulations online.
Telecom
Experts Highlight Cybersecurity, Power as Key to Africa’s Digital Economy Growth

Industry experts have identified cybersecurity, reliable power supply, data infrastructure expansion, and interconnectivity as critical factors for unlocking Africa’s digital economy potential.

The experts spoke at the IoT West Africa 2026 Conference and Data Centre Cloud Expo held in Lagos.
In his keynote address, the National Commissioner and Chief Executive Officer of the Nigeria Data Protection Commission (NDPC), Dr Vincent Olatunji, said Africa’s rapid digital transformation was being accompanied by growing cybersecurity threats.
Olatunji said cyberattacks now occur globally every 39 seconds, with annual cybercrime losses estimated at 10.5 trillion dollars.
According to him, Nigeria records over 4,000 cyberattacks weekly, accounting for about 45 per cent of incidents across Africa.
He added that financial losses linked to cybercrime in Nigeria exceeded ₦12 billion in 2024.
Olatunji said global data generation had reached approximately 402.89 million terabytes daily and was projected to increase from 181 zettabytes to 221 zettabytes.
“Data is now the new oil, driving everything from IoT to cloud services and digital platforms,” he said.
He noted that Nigeria’s digital economy was currently valued at 18.3 billion dollars and could double within the next five years.
During a fireside chat on “Role of Colocation in Enabling Africa’s Data Centre Transformation: Opportunities and Challenges,” stakeholders highlighted energy supply, affordability, and global-standard infrastructure as essential to sector growth.
Chief Executive Officer of Nxtra by Airtel, Yashnath Issur, said Africa’s data centre market must compete at international standards.
“This market is no longer local; it is a global business requiring global quality, scale and expertise,” he said.
Chief Executive Officer of Rack Centre, Lars Johannisson, described energy as the sector’s biggest growth challenge.
“Data centres are about power, cooling and people. Energy is the machine that will power our growth, and without fixing it, scaling will remain constrained,” he said.
Managing Director of Equinix West Africa, Wole Abu, stressed the importance of interconnectivity within digital infrastructure ecosystems.
“A data centre without interconnection is like a ship, but an interconnected one is a port that enables trade and economic growth,” he said.
Representing African Infrastructure Investment Managers, Akinsehinwa Akin-Taylor said capital remained available, but investors were now placing greater emphasis on bankability, quality assets, and strong operational records.
Also speaking, Ifeanyi Otudoh of MTN called for broader digital inclusion and stronger local capacity building.
“We must put digital capability in the hands of African innovators and ensure secondary cities are not left behind,” he said.
Gary Chomse of Vertiv noted that unstable electricity supply continues to influence data centre infrastructure design across Africa.
At a panel session on digital twins and data centre optimisation, experts said adopting digital twin technology could improve operational efficiency, predictive maintenance, and risk management.
Chief Executive Officer of Kasi Cloud, Johnson Agogbua, said digital twins could improve power optimisation and help operators detect issues before they escalate.
“The biggest headache in Nigeria is power. Digital twins help you understand how power behaves and visualise problems before they occur,” he said.
Morris Nmor of Uptime Institute said the technology could significantly reduce system failures and operational risks.
Experts also noted that digital twins could improve cooling systems, reduce operational costs, strengthen cybersecurity, and enhance energy efficiency.
They agreed that integrating stronger cybersecurity systems, data infrastructure, and emerging technologies would be essential to building Africa’s digital future.
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