In a bid to calm stakeholders worried about Teleology Holdings pulling out from 9mobile, the Nigerian Communications Commission (NCC) said it has taken steps to address the issue in the interest of subscribers, investors and the Nigerian economy.
Prof. Umar Garba Danbatta, the Executive Vice Chairman of NCC, who made the disclosure said NCC would do everything possible to ensure that the issue is resolved amicably.
Although the issue between Teleology Holdings and Teleology Nigeria was yet to reach the NCC for mediation, Danbatta said proactive steps had been taken by the Commission, in line with its regulatory mandate to avert distabilisation of the telecoms industry.
The Vice Chairman revealed that the commission had already made some moves to address the situation in the interest of 9mobile subscribers and the telecoms industry.
According to Danbatta, “the bone of contention is between Teleology Holdings Limited and Teleology Nigeria, over some disagreements, but as a regulator that is both customer and investor centric, we have set up some measures to resolve the issue between the two parties”.
He noted that “we need stability in the telecoms industry and we will do everything possible to protect the interest of both the 9mobile subscribers and its investors and ensure there is no disruption of services”.
Industry stakeholders who are keenly following the development at 9mobile, advised NCC not to allow Teleology Holdings to pull out of the deal.
An Industry expert who pleaded to remain anonymous told THISDAY, “Teleology must not be allowed to truncate the 9mobile transition deal. It must complete what it started and deliver on the promises it made to Nigerians when it rolled out its business model on how to manage 9mobile and bring it back to profitability within few years of take over”.
Teleology Holdings Limited, in a statement, had alleged that Teleology Nigeria Limited had declined to execute a management services contract with the former, which led to its pulling out of the deal last week.