Transcorp has announced that it will spend USD100 million on Nitel’s transformation over the next four months ahead of the sale of an equity stake to a new core investor. IDG News Service reports that the majority stakeholder of the beleagured telco hopes that the move will help to enable Nitel to attract a desirable investor. Meanwhile, Nigeria’s Vice President Goodluck Jonathan has expressed government’s disappointment over the performance of Nitel, saying that it was amounting to a national embarrassment.