NITEL 4G LTE rollout planned for March 2016

18 Jan 2016

NATCOM Consortium, the parent company of incumbent fixed line operator Nigeria Telecommunications (NITEL) and its subsidiary Nigerian Mobile Telecommunications Limited (M-Tel), is planning to roll out 4G LTE services in March this year, initially covering Lagos, Abuja and Port Harcourt, reports Punch News. NATCOM’s chairman Olatunde Ayeni is cited as saying that NATCOM has invested USD1 billion into NITEL/M-Tel since its acquisition last year, when the former gained access to 40MHz of 900MHz and 1800MHz spectrum that was previously used for the provision of 2G GSM services.

As reported by TeleGeography’s CommsUpdate, in April 2014 Nigeria’s Bureau of Public Enterprises (BPE) confirmed that NATCOM Consortium had paid the outstanding balance (70% of the USD252.52 million total bid) for the assets of NITEL and M-Tel. Announced as NITEL’s preferred buyer in December 2014, NATCOM is a special purpose entity set up for the acquisition, comprising a consortium of companies reportedly including NATSPACE Telecommunication Investment, Hong Kong-based telco PCCW Global, Prime Union Investment Limited, Olutoyl Estate Development & Services, Sahara Energy Resources, Legal Resources Alliance & Co and technical partner LM Ericsson Nigeria.

Nigeria, ntel (formerly NITEL/M-Tel)