Globacom could be disqualified from buying Nitel

17 Feb 2006

The Nigerian Communications Commission (NCC) has announced that the country’s second national operator (SNO) Globacom could be disqualified from bidding for a 51% stake in incumbent telco Nitel as it is already a national operator in the country. Globacom expressed an interest in acquiring the stake earlier this week but the regulator said that awarding it a stake in Nitel would hinder competition. It wants instead to award the interest to a newcomer. Telkom South Africa and 19 other investors have expressed an interest in the 51% stake, which also includes 100% of Nitel’s mobile subsidiary, Mtel.

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