twitteryou tubeacpRSS Feed

NATCOM Consortium has won the bid to buy Nigerian national telecom companies — Nigerian Telecommunications Limited (NITEL) and Nigerian Mobile Telecommunications Limited (Mtel) — for a total of US$252.5mn

The bid is, however, subject to the approval of the country’s chaired National Council on Privatisation (NCP), the consortium said.

The Nigerian government had initially rejected a US$221mn bid from NATCOM after which the consortium increased its bid to US$252mn, according to StarAfrica.

Nigeria’s communication technology minister Omobola Johnson said, “The privatisation of NITEL and MTEL is the final step in the reform of the telecoms sector.”

NATCOM Consortium comprises mainly of NATSPACE Telecommunication Investment Limited, PCCW Global Limited and Prime Union Investment Limited.

Huawei Cloud pledges US$10mn in credits, aims to support 100 Nigerian startups, fostering innovation & digital transformation. (Image source: Adobe Stock)

Microsoft envisions AI empowering Africa's progress, highlighting strategies for governance and partnerships to ensure equitable advancement. (Image source: Adobe Stock)

American Tower and ProFuturo join forces to revolutionise education in Africa, bridging the digital divide and empowering underserved communities. (Image source: Adobe Stock)

Orange Digital Center and Coursera join forces to offer free certification courses for new digital professions. (Image source: Adobe Stock)

Africa Data Centres & DPA SA pioneer solar farm for sustainable data solutions in South Africa. (Image source: African Data Centres)

MTN leads South Africa's mobile networks with exceptional speeds, while Vodacom excels in 5G. (Image source: Adobe Stock)

MainOne, an Equinix subsidiary, partners with Akwa Ibom state for high-speed connectivity, enhancing Nigeria's digital landscape. (Image source: Adobe Stock)

Debbie Beech, country manager: SA and SADC at cybersecurity expert, Exclusive Networks Africa. (Image source: Exclusive Networks Africa)

South African government plans to extend Wi-Fi connectivity to 5.5 million households in rural and township regions over the course of the next three to four years. (Image source: Adobe Stock)

MTN & Airtel create APEP to boost mobile money in Congo. (Image source: Adobe Stock)

Scheduled to launch in April 2024, the 2MW-capable data centre facility, configured with an initial 400 sq m of IT white space, will catalyse the country's digitalisation efforts. (Image source: Open Access Data Centres)

By TechScan Africa and PayTechAfrica - Unveiling Africa's digital payment shift. (Image source: Adobe Stock)

Dietmar Siersdorfer, managing director at Siemens Energy Middle East and Africa. (Image source: Siemens Energy)

In the MENA region, cybersecurity is crucial amidst rising digitalisation and state-sponsored cyber threats, met by BBS Technology's comprehensive solutions. (Image source: Adobe Stock)

MTN's Bayobab expands fiber network across Africa, boosting connectivity. (Image source: Adobe Stock)