NITEL Acquisition: Brymedia Tables Fresh Bid

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1802F09.NITEL-Building

Brymedia, has launched fresh bids to buy the assets of the ailing national carrier NITEL. It would be recalled that the consortium emerged second reserve bidder in the aborted privatisation of the Nigeria Telecommunications Limited (NITEL) in 2010.

Chief Executive Officer of Brymedia, Mr. Adrian Wood, who made the disclosure in Lagos, assured Nigerians that his company would turn around NITEL and make it the true national carrier that it ought to be. Brymedia’s renewed interest is coming on the heels of the planned auction of a 2.3GHz frequency spectrum that would see the eventual winner, the wholesale broadband service provider for the Nigerian telecoms market.

The Nigerian Communications Commission (NCC) had already announced a N3.6 billion reserve price for the auction billed to be completed by March this year.

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