Nigeria: BPE Re-Advertises Nitel for Sale

The Bureau of Public Enterprises (BPE) yesterday invited bids for a majority stake in Nigeria Telecommunications Limited (NITEL) or any of its six subsidiaries, barely a month after revoking the sale of the national telecom carrier to Transcorp Plc.

Unlike the previous sale of NITEL when 51% stake was allocated to a core investor, this time around, BPE is offering a 75 percent stake in NITEL and each of its subsidiaries, including MTEL, South Atlantic Terminal underwater cable (SAT-3), Domestic Fixed Line Telephony; National Fibre-Optic Transmission Backbone; CDMA networks, MTEL (GSM), and ANALOG SYSTEM (TACS).

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