Nigeria’s decade-long drive to sell Nitel, its former telecoms monopoly, was again in disarray on Thursday as groups named in official documents as part of the consortium behind a $2.5bn bid for Nitel denied involvement. China Unicom and Minerva FZ of Dubai said they had no involvement, causing consternation in Nigerian business circles. A consortium called New Generation was identified as the preferred bidder on Tuesday for a 75% stake in Nitel. See also FTAlphaville: “Someone is lying“.

This entry was posted by Gwen Robinson on Friday, February 19th, 2010 at 4:18 . Tagged with China Unicom, Minerva, New Generation, Nigeria, nitel. Edit this entry.