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Vol 3 (AAC) No 9

Published 1st July 2010


Nigeria

Telecom troubles

Plans to sell the state-owned Nigeria Telecommunications (Nitel) have floundered after China Unicom announced it would not be contributing to the front-running New Generation Consortium comprised of China Unicom Europe, the United Arab Emirate's Minerva Group and Nigeria's G-Cell Wireless. The Bureau of Public Enterprises wanted to complete the privatisation in February but the government knew little about the top bidders. On 12 March, the National Council of Privatisation rejected the BPE's recommendations for the preferred bidder and the first reserve bidder.

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