The management of Emerging Markets Telecommunication Services, EMTS, Ltd, which is trading as 9mobile has described as “incorrect, misleading, mischievous and a total falsehood,” reports that a Federal High Court had nullified the sale of 9mobile to Teleology.
Insisting that the Federal High Court, Abuja did not nullify the sale of EMTS, the company appealed to its stakeholders to remain calm saying that things were under control.
Recall that news of the revocation of the sale of 9mobile to Teleology Nigeria Limited by a Federal High Court sitting in Abuja went viral on Thursday.
Reacting to that news in a statement on Thursday, the management of the company explained that “the court on 1st April 2019 made an order for parties to maintain status quo as at April 25, 2018,” noting that, “as at the said date, EMTS (9mobile) was not a party to the suit before the court.”
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Calling for calm, the statement said that “matters are under control and we are working with our team of legal counsels to follow through as deemed necessary.”
According to the statement signed by the Company Secretary/Legal Adviser, 9mobile, Ore Olajide: “The sale of 9mobile to Teleology Nigeria Limited has not been nullified.
“The court made an order to maintain status quo as at April 25, 2018 when EMTS was not a party to the suit and we have appealed the ruling as well as sought an injunction pending appeal at the Court of Appeal.
“The action before Justice Binta Nyako of the Federal High Court is not about the sale of EMTS (9mobile) but rather, the transfer of the license even without locus standi.”
The EMTS management said it “remains focused on providing best in class telecommunication services to its subscribers and will provide necessary updates in due course.”
