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Nitel

Ericsson linked to Nigeria telco buy

Nigerian telecoms firm, Snytel has reportedly signed an agreement with Ericsson to help fund a possible purchase of the state-owned telco, Nitel and its mobile subsidiary, Mtel, reports Cellular News.

Deadline near for Nigerian operator sale

Nigeria’s privatisation agency said that Oman International Consortium has until today to pay its deposit for former state telecoms monopoly Nitel, or it would consider its options for the business, Reuters said.

Nigeria sets Nitel sale deadline

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.

Nigeria calls in reserve bid for NITEL stake

Nigeria’s Bureau of Public Enterprises (BPE) has announced that it will reconsider the reserve bid for the state-owned operator NITEL after the winning bidder was unable to pay the 30 percent deposit after the previous attempt to sell the company.

Nigerian president casts Nitel sale into doubt

The long-running efforts to privatise Nigeria’s state-owned operator Nitel appears to have hit another hurdle after the country’s acting president suspended the head of the body overseeing the sale.

Unicom confirms interest in Nigerian carrier

China Unicom – the world’s second-largest mobile operator – has confirmed that it is leading a consortium poised to buyout Nitel, the struggling state-controlled Nigerian operator. Despite denying its involvement in a US$2.5 billion bid last week, Unicom confirmed its interest in a short statement made by a London-based subsidiary (China Unicom Europe) yesterday.

Nigeria to open bidding for telecom privatisation

Nigeria’s Bureau of Public Enterprises is to open the bidding for the privatisation of Nigerian Telecommunications Ltd., or Nitel, and its mobile arm M-TEL, on February 16, notes Dow Jones Newswires.

Nigerian operators face revenue pressure in crowded marketplace

Fierce competition and regulatory conditions impacting Africa’s largest mobile market

Vodafone linked to Nigerian deal

Vodafone has been linked to a potential investment in Nigerian incumbent operator Nigeria Telecommunications Limited (NITEL).

Nigeria seeks bids for 75% stake in Nitel, mobile unit

Bloomberg reports that Nigeria invited bids for a 75 percent stake in Nigerian Telecommunications Ltd., the state-owned fixed-line operator known as Nitel, or any of its units, after a previous attempt to sell the company failed.