The Federal Government has finally handed over the beleaguered first national telecommunications company, the Nigerian Telecommunications Limited, to new core investor, NATCOM Consortium, after 14 years and five failed attempts.
At a ceremony attended by notable persons in the privatisation circle, the Bureau of Public Enterprises handed over instruments of ownership and licences of operation to the Chairman of the NATCOM Consortium, Tunde Ayeni, who said over $1bn was required to revive the company.
Speaking at the ceremony, Vice President Namadi Sambo, who chairs the National Council on Privatisation said the formal handover was a clear indication that where there …Read More
Source:: New Mail
