Search This Blog

Thursday, December 4, 2014

NATCOM Consortium Wins Nitel, Mtel Bid With $252m

atedo Peterside

The process for the sale of functions and assets of the nation's national carrier, Nigerian Telecommunications Limited (Nitel) and the Mobile Telecommunications (Mtel) has been formalised. The sole qualified bidder, NATCOM Consortium, has offered to pay $252,251 million to acquire both assets, liabilities and functions of the moribund companies.


NATCOM came from a short break that was granted by the Technical Committee to enable it meet the fixed preferred price of $221 million to acquire the companies which it did not meet initially to surpass its offers to pay above the price.


No comments:

Post a Comment

...

.