Regulators yet to conclude deal on sale of 9Mobile

The meeting convened by the Central Bank of Nigeria ( CBN ) , Nigeria Communications Commission ( NCC ) and other stakeholders to conclude the 9 Mobile sales and take a stand on the deal may have ended without any agreement reached .
A source monitoring the deal told The Guardian yesterday that the meeting would likely continue today in Abuja.
The transaction for the takeover of 9 Mobile was supposed to have been concluded yesterday , which happened to be the last day of the 90 – days handed Teleology Holdings , which emerged the preferred bidder, to complete payment for the embattled telecommunications firm .
Teleology was supposed to pay the remaining $ 251 million on July 25 , after paying the first $ 50 million non – refundable fee on March 21 .
The firm was said to have kept the $ 251 million in an escrow account waiting for regulatory approval on the deal before final payment .
Sources claimed Teleology was given an extension of 20 – days to sort out every other issue around the deal .
Read More : Teleology Holdings to conclude 9 Mobile transaction tomorrow
But the President , Association of Licensed Telecommunications Companies of Nigeria ( ATCON ) , Olusola Teniola claimed that Teleology had made the payment .
“ Teleology has already paid for 9 Mobile and is awaiting NCC approval for the licence and spectrum transfer , ” he stated.
The Director of Public Affairs at NCC, Tony Ojobo , had said that the CBN , NCC and others stakeholders would meet yesterday evening on the issue .
At at press time , yesterday , Ojobo was yet to get back on the matter , fueling suspicion that fresh challenges on the matter have emerged.

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