New investor to take over NITEL in 2009

A new core investor is to take over the Nigerian Telecommunications Ltd (NITEL) and its subsidiary Mobile Telecommunications Ltd (MTEL), in February 2009, the National Council on Privatisation (NCP), said on Tuesday, 23 September 2008.

25 Sep 2008

Nigeria has retained BNP Paribas to act as adviser for the privatisation of both companies.

The NCP said it had decided to cut the timeframe for the privatisation of NITEL and MTEL from seven to three months adding that the core investor is to take over both companies by 6 February 2009.

Read the full article on itnewsafrica.com.