The National Council on Privatisation on
Monday okayed two firms for the guided
liquidation of the Nigeria Telecommunication
Limited and its mobile arm, MTEL.The two
firms, NATCOM Consortium and NETAD
Consortium were picked from the 17 firms
shortlisted for the liquidation during the third
meeting of the council for the year presided
over by Vice President Namadi Sambo at the
Presidential Abuja.Minister of Mines and Steel
Development, Musa Sada; Minister of Works,
Mike Onolememen; and the Director-General
of the Bureau of Public Enterprises, Benjamin
Dikki, briefed State House correspondents of
the meeting’s outcome.Sada said the two
firms led others shortlisted with 90.7 and
90.2 per cents respectively.Assets up for bid
in NITEL include the licences and the
spectrum, the nationwide fixed wired
networks, the national right of way duct
system, the fibre optic transmission
backbone, and the CDMA network
system.Others are international gateway earth
stations, microwave transmission equipment/
network and towers and other core assets.The
assests up for sale in Mtel, are the licences
and the spectrum, national right of way, the
Mtel GSM network including mobile switching
centres, base station controllers, base
transceiver stations and the general packet
radio services.
Others are the analog (TACs) system and other
core assets among others.Sada said the
government was working hard to ensure that
the two firms bounce back better.He said,
“The criteria is being followed and out of this
17 firms shortlisted, two are qualified for
request for proposal issuance. And this is
what the council deliberated on today and
approved the qualifications of the two
companies.“The two companies are NATCOM
Consortium and NETAD Consortium and they
came top with 90.7 and 90.2 percents
respectively.“You will agree with me that
efforts at getting NITEL back on stream as
been very strenuous, because of so many
issues, so many problems, but this time
around there has been strong efforts so that
we do not go back to what we had
before.“With what is put in place, we are very
confident that we would only move forward to
take us to the appropriate destination.“The
idea here is for us to have a working
institution not necessarily a situation where
these assets are just dispensed with whatever
reasons.“From our discussions today, we are
making sure that these assets does not go to
somebody who for other considerations will
want to own it and keep it.“Our target is to
make sure that NITEL, MTEL, comes back. It
has very robusts assets and and it will be a
very good thing for the country. Mobile
telephones and network are not substitutes
for land lines and that is why we are doing
everything to be able to bring it back to
work.”Onolememen told journalists that the
council also approved a five-year extension
for the concessionaire of the new Warri Port,
Associated Maritime Services Limited.The
minister said the extension was granted since
there was no objection from the Minister of
Transport and the Managing Director of the
Nigeria Ports Authority.He added that the
council also relinquished its 51 percent
holding shares at the Stallion Property
Development Company for the Nigerian
National Petroleum Corporation Pension
Limited.The decision was taken to bridge the
pension gap observed in the NNPCPL.Sada
added that the council also received the
report of a committee that visited the
Ajaokuta Steel Company of Nigeria based on
the allegation of assets stripping that was
reported to the council at the last meeting.He
said no decision has been taken on the
report, adding that a statement would be
issued after the report must have been
considered by the council.

Who cares

Cool

Summarize please.....

Ehn! When they come e'erthing will be okay but for now....it is otherwise!

**Dusting my Mtel SIM**
Proudly Naija!

Although I'm not optimistic, but if it is true then whichever company that takes over nitel should focus mainly on Internet and ignore telephone part... I don't think they can stand the competition anymore when it comes to call as the four major Carriers have already taken over that aspect..
But they will make more money providing LAN Internet since nitel Was a wired technology. LAN is major source of Internet in advanced countries till today cos they are cheap and super fast unlike the Wireless based ones.
But if they focus on calls again then they will soon go into extinction Again like the likes of multilinks, visafone etc unless they are willing to make the calls free or 1naira per minute

femi4: **Dusting my Mtel SIM**
Proudly Naija!

Patiently waiting, the juju SA uses on us 'must' fade

Lets see how this plays....

How this one take affect ebola virus wer 1 wipe out Nigeria

We dey wait una

I JUST PRAY SO OOOOOO

Sha bring good internet along..

Come with 4G LTE cat 6 or else!

Abbey2sam: Who cares

we care

Nitel is coming to run back into extinction again.

Itoroetti:

we care

Good for you

how many lines person go get sef?

Where is your sauce kid?

To do what

coming for which ppl or else they coming to give andriod user's very very cheap data as for call noway for dem

Aitee1: Patiently waiting, the juju SA uses on us 'must' fade

Amen!!!