Nigeria Government Reverses Self on NITEL/MTEL
March 4, 2008 by 
OCI
This may be good news to all the poor investors that invested in the Transcorp dream, or is it too early to celebrate, time will tell; for now, its another ‘reverse’ reversal.
Federal Government yesterday restored the 51 per cent equity share holding of the Transnational Corporation (Transcorp) in Nigerian Telecommunications Limited (NITEL) and Mobile Telecommunications (MTEL)
….. reports Champion
Independent nails it with….
Govt Makes Another U-turn On NITEL/Mtel
Transcorp will continue to own 51 per cent of Nigeria Telecommunications Limited (NITEL) and its subsidiary, Mobile Telecommunications (Mtel).
The group will also continue to manage the telecom firms until a new core investor shows up.
| 1.5 |
Comments
Feel free to leave a comment...
and oh, if you want a pic to show with your comment, go get a gravatar!