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NATCOM Consortium

FG Hands over NITEL/ MTEL to New Owners

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The liquidated assets of Nigerian Telecommunications Plc (NITEL) and Nigerian Mobile Telecommunications Limited (MTEL) have been formally handed over to new private sector owners in Abuja Tuesday. Vice President Sambo stated during the formal handover ceremony that Nigeria would not attain the desired economic growth without adequate reforms and liberalisation of the telecommunications sector. He […]

NATCOM Consortium Completes Sales Payment for NITEL, MTel

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  NATCOM Consortium, the preferred bidder of Nigerian Telecommunications Limited (NITEL) and its mobile arm, Nigerian Mobile Telecommunication (MTEL), has finally paid $176,575,700 (N29, 696,469,600) being the outstanding 70 per cent of the $252,521,000 bid price for the acquisition of the assets and business units of the enterprises. NATCOM had on January 6, 2015 paid […]