Odua investment company divests 75% shareholding in O’net
The regional telecommunications firm, O’net, is relaunching its products into the market after several months in the trenches.
The new Managing Director of the firm, Mr Ade Ayoola, disclosed this while addressing reporters at the corporate headquarters of its parent company, Odua investment company, Cocoa House, Ibadan.
The news came as the Group Managing Director of the conglomerate, Mr Adebayo Jimoh, disclosed that a total of 75 percent shareholding had been divested to Conclave Communication Inc., Canada which is in partnership with it on the revival of O’net Telecommunication.
The Canadian company signed a Financial and Technical Management (FTM) agreement in March. By the agreement, the new investor would bring funds and technical expertise to boost the operations of the company and reposition its products in the telecoms market.
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Anonymous
December 23, 2011 at 4:52 pm
a good step for job creation