NATCOM Consortium on Wednesday in Abuja emerged the
preferred bidder for the acquisition of Nigerian Telecommunications Plc (NITEL)
and Nigerian Mobile Telecommunication (MTEL).
The reserved bid price was 252.25 million dollars.
Mr Atedo Peterside, the Chairman, Technical Committee of the
National Council on Privatisation (NCP), disclosed this during public opening
of financial bid for acquisition of the two companies.
Peterside said NCP approved privatisation of the two
companies in February 2012 through guided liquidation after a review of
previous failed attempts.
