Former MTN boss takes the helms as ntel CEO
Adrian Wood, former Chief Executive Officer (CEO) of MTN Nigeria, who left the country in 2004, has returned to the Nigerian telecoms space as the new Chief Executive Officer of ntel, the telecoms company that was unbundled from NITEL and managed by NATCOMS.
He resumed on January 8, 2024, and took over from the former CEO, Dr. Babatunde Omotoba. Mr. Wood has plans to raise $550 million for the company restructuring.
In his new role, Wood has been tasked to shop for fresh investors and to rebrand the telecoms company, and he has assured the staff of ntel of his commitment and desire to meet up with his new role.
In a letter sent out by Wood to all ntel staff, dated June 5, 2024, he encouraged them to remain steadfast and assured them of his commitment to introduce fresh investors and to rebrand the company in few weeks time.
He also told them about his several meetings with the Asset Management Company of Nigeria (AMCON), which took over the management of ntel since last year and plans by AMCON to return ntel to its new investors.
He told them about his meeting with the management of the Nigerian Communications Commission (NCC).
In the letter, Wood told ntel staff of his plans to introduce new products and services that have not existed in the Nigerian telecoms space.
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