Showing posts with label NCP. Show all posts
Showing posts with label NCP. Show all posts

Friday, 19 December 2014

FG approves sale of NITEL/MTEL for $252m

The National Council on Privatisation (NCP) on Thursday approved the sale of the liquidated Nigeria Telecommunication Plc and its subsidiary, Mtel, to NATCOM Consortium for $252 million.
Atedo Peterside, the chairman of NCP’s Technical Committee, told State House correspondents in Abuja that the approval was one of the decisions taken at a meeting of the council presided over by Vice President Namadi Sambo.
He said that NATCOM beat one other bidder to clinch the deal.
“What happened today was that