20 investors interested in Nitel

2 Feb 2006

According to Nigeria’s Bureau of Public Enterprises (BPE), 20 investors have expressed an interest in acquiring the government’s 51% stake in fixed line incumbent Nigerian Telecommunications Limited (Nitel). The announcement comes just days after the government revealed that it would fast track the sale to make sure that it goes ahead by June at the latest. The BPE has not revealed the identities of the investors although Telkom South Africa has revealed that it is one. A new deadline for submission of bids and guidelines for the transaction is expected to be released soon.

Nigeria, ntel (formerly NITEL/M-Tel)