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All posts tagged "NITEL"

  • Brymedia Consortium offers USD900million for Nitel

    Brymedia Consortium is the latest company to make an offer for state-owned fixed line incumbent Nigeria Telecommunications (NITEL), after the most recent attempt to sell the ailing telco was cancelled earlier this year. One of the initial...

    • Posted August 11, 2011
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  • Syntel Partners Ericsson in bid to acquire NITEL

    Nigerian firm Syntel has finalised a technical partnership agreement with Swedish equipment vendor Ericsson in an attempt to acquire a 75% stake in fixed line incumbent Nigeria Telecommunications (NITEL), after the latest attempt to sell the ailing...

    • Posted July 25, 2011
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  • Liquidator Insists on Transparent Sale of NECOM House

    More light was thrown on the controversy surrounding the sale of the 37-story NECOM House on Marina, Lagos  Island that used to belong to NITEL, with the revelation by the liquidator of the NITEL/MTEL Pension Fund, Otunba Olusola Adekanola, that the board...

    • Posted May 1, 2011
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  • Brymedia Advances to Acquire NITEL

    Brymedia Consortium, the third place winner of the privatisation bid to acquire the assets of Nigerian Telecommunications Ltd NITEL and its mobile subsidiary Mtel,  has started making preparations in the likelihood that it might be called upon...

    • Posted April 21, 2011
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  • FG Should Avoid Political Buyer of NITEL – Zinox Boss

    The Chairman and Chief Executive officer of Zinox Technologies Ltd, Chief Leo Stan Ekeh,  has called on the Federal Government to negotiate with a serious buyer and not a political buyer that can turn around the fortunes...

    • Posted April 14, 2011
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  • NITEL’s reserved bidder gets two weeks deadline

    The Bureau of Public Enterprise (BPE) said it had given the reserve bidder in the sale of Nigeria Communications Limited (NITEL) two weeks to confirm its interest in the moribund company. Besides, under the proposed strategy for...

    • Posted April 14, 2011
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  • NITEL: The drain pipe enlarges

    When in 2002, the Bureau of Public Enterprises wanted to sell 51 per cent of the Nigerian Telecommunications Limited to Investors International of London Limited at the price of $1.317bn, many Nigerians felt disappointed. They were disappointed...

    • Posted March 27, 2011
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