Nigeria’s Bureau of Public Enterprises is reported to have given the reserve bidder in the sale of former state-owned telecoms monopoly Nitel two weeks to confirm it is still interested in the business, after which it would have to re-consider its options for the company, according to Reuters. The previous winning bidder, New Generation Consortium, bid US$2.5 billion for the company, but was unable to pay its deposit. The reserve bidder was Omen International Consortium, which bid US$956 million.
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