BNP Paribas wins bidding for advisory role on Nitel sale

4 Aug 2008

BNP Paribas Consortium has won the bidding to be selected as advisor to the National Council for Privatisation (NCP) for the sale of Nitel and mobile subsidiary MTEL. Existing owners Transcorp and the government have agreed that both should sell a total controlling share of 51% to a new strategic investor; Transcorp is offering up 29% of the company, while the government will part with 22%.

Nigeria, ntel (formerly NITEL/M-Tel)