Nitel liquidation stalled

TELECOMS

|
Image: By BiztechAfrica
Nitel liquidation stalled

The liquidation of Nigeria’s embattled telco, Nitel, has been put on hold to allow for full investigations to be concluded.

The Nigerian Council on Privatisation decided last week to approve the liquidation of Nitel and its mobile arm, following years of failed attempts to sell the loss-making operator.

However, Members of the House of Representatives have now directed the National Council on Privatization and the Bureau for Public Enterprises (BPE) to suspend the liquidation pending investigations.

Concerns have been raised that the liquidation and sale of assets may realize too little revenue, with proposed price tags far below the current value of a GSM licence.

Former employees of Nitel have also raised objections to the planned guided liquidation of Nitel, saying those responsible for losses the company have suffered should be exposed.



Share the News

Get Daily Newsletter

comments powered by Disqus

MORE TELECOMS NEWS

Airtel deepens data market competition with new offers

In line with efforts to strengthen its relationship with customers, leading telecommunications service provider, Airtel Nigeria this week in its Lagos Banana Island Head Office, unveiled a new data campaign tagged “Join the Smartphone Network” which seeks to reward customers for their patronage, and also drive internet usage and penetration. Read More

TNM claims ‎Macra milking phone operators

Government and its agents are milking telecommunication operators through fees and levies, and one of the leading mobile telecoms operators TNM has come in the open to reveal that its cost of levies, fees and taxes was K15 billion for 2014. Read More

Mali’s 3rd mobile operator to start operations soon

Alpha Telecom, the third mobile operator of Mali, is set to start operating in the near future to challenge leader Orange and SOTELMA in this West African nation. Read More

Phase3 Telecoms extends aerial cable to Republic of Niger

Sub-regional telecoms infrastructure company, Phase3 Telecoms said it has started the deployment of aerial fiber optic infrastructure from Kano in Nigeria to Gazaoua in Niger Republic.  Read More

Predatory pricing in transmission cable market, others worry NCC

Nigeria’s telecoms regulator, the Nigerian Communications Commission (NCC) is worried that in the transmission cable market, predatory pricing, denial of access to viable routes and discriminatory and arbitrary pricing is the order of the day. Read More

USF contributions surpass sh2.5bn target

Contributions to the Universal Service Fund by Kenyan Operators have surpassed the targetted sh2.5 billion. Read More

MTN Ghana invests 460 Million Ghana Cedi into operations

MTN has told editors at an annual meeting in Accra that it is committing a total of GH.C 46O Million to improving its network this year. Read More

Airtel deepens competition with SmartConnect

The scramble for subscriber acquisition in the telecoms industry has taken a new turn as Airtel has unveiled a new marketing strategy to grow its subscriber numbers in a bid to unseat Globacom as second largest operator in the country. Read More

Togo government to regenerate Togo Telecom

Togo's government has vowed to rebuild Togo Telecom with a regeneration package that includes a network upgrade, better customer service and high speed internet at affordable rates. Read More

Ghana ICH poses ‘telecoms monopoly risk’

The Head of the Telecommunications, Media and Technology team at a private law firm Bentsi-Enchill, Letsa & Ankomah has questioned the National Communication Authority's decision to appoint a Ghanaian company to operate the national interconnect exchange and financial clearing house. Read More

PRESS OFFICES

Sage ERP AfricaSAP AfricaSage Pastel AccountingTrust PayVMWareSamsung ElectronicsMitsumi DistributionPhoenix DistributionMTN BusinessSchneider ElectricMultichoiceMicrosoft 4Afrika

FEATURED STORY

2bn priced out of internet access2bn priced out of internet access

A new report from the Alliance for Affordable Internet shows that the price of broadband remains prohibitive for billions in developing and emerging countries, with women and rural dwellers hardest hit.

IN DEPTH

Villagers get solar training at Barefoot College Villagers get solar training at Barefoot College

The Botswana Human Resource Development Council (HRDC) has seconded seven semi-illiterate mostly Ngwatle villagers for a six month solar electrification training course at the famed Barefoot College in India.