Globacom wants Nitel stake

9 Feb 2006

Nigeria’s second national operator, Globacom, has expressed an interest in acquiring the government’s 51% stake in fixed line incumbent Nigerian Telecommunications (Nitel). Globacom joins Telkom South Africa and 19 other investors in the battle for the stake. The auction is expected to go ahead in June this year.

Nigeria, Globacom (Glo Nigeria), ntel (formerly NITEL/M-Tel)