January 10, 2019 / 2:03 PM / in 10 days

Company led by ex-MTN CEO Wood exits Nigerian venture 9mobile: sources

A woman walks on the road beside a 9 mobile outdoor billboard in Abuja, Nigeria, August 30, 2017. REUTERS/Afolabi Sotunde

LAGOS (Reuters) - A firm led by Adrian Wood, the former chief executive of South African telecoms giant MTN Group Ltd, has pulled out of its Nigerian telecoms venture 9mobile, two people familiar with the matter said on Thursday.

Wood’s departure, two months after the formal takeover of 9mobile, comes after disagreements with Nigerian shareholders, the two people said.

Reporting by Chijioke Ohuocha; writing by Paul Carsten; editing by Jason Neely

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