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Report: Former MTN CEO's company exits 9mobile telecom venture

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Report: Former MTN CEO's company exits 9mobile telecom venture

A company led by former MTN Group Ltd. CEO Adrian Wood pulled out of its Nigerian telecommunications venture 9mobile, Reuters reported Jan. 10, citing two people familiar with the matter.

Wood's departure came after disagreement with Nigerian shareholders. The former MTN CEO's company had taken formal control of 9mobile two months ago, according to the report.