Nigeria shops for new investors for NITEL/MTel

The government said this was to redress the worsening condition of the company, a year after Transcorp took its operations. This decision was contained in a resolution at the end of the meeting made available to the News Agency of Nigeria (NAN) in Abuja yesterday.

The resolution indicated that both parties agreed to divest a percentage of their equity in the company for a new investor. “There is the need for a new core investor who is an industry player with a focus, technical expertise, managerial experience and financial capacity to turn NITEL/Mtel around'' it stated.

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