Nigeria seeks new investors for NITEL

13 Feb 2008

Nigeria’s government has started a new search for investors for ailing national incumbent NITEL and its mobile subsidiary M-tel, in an attempt to improve its performance after the 2006 takeover by Transcorp. In a statement released by the News Agency of Nigeria, the government blamed ‘incessant changes and disagreements between board members and top management’ at Transcorp for the operator’s poor results. The statement was agreed after a meeting in December 2007 between the Ministry of Communications, the Bureau of Public Enterprises, the Nigerian Communications Commission and Transcorp. NITEL’s infrastructure has deteriorated during decades of corrupt and inefficient state management, to the point that its lines are constantly malfunctioning, its billing is erratic and staff go for months without being paid.

Nigeria, ntel (formerly NITEL/M-Tel)