The official financial bid opening for the Nigerian
Telecommunications Limited (NITEL) and its
mobile subsidiary, the Mobile Telecommunications
Limited (MTEL) was on Wednesday opened by the
Bureau of Public enterprises.
The financial bids opening is sequel to the recent
screening of the technical and financial proposals
submitted by bidders for the telecom firm after
the expiration of the Friday November 7 deadline
for the submission of bids.
Thus, under the guided liquidation strategy, NITEL
and MTEL are to be sold as a single lot to a
qualified bidder by a Liquidator under the
guidance of the Bureau.
Meanwhile, Messrs NETTAG Consortium and
Natcom Consortium are the two firms who had
been prequalified for today’s exercise.
It would be recalled that the National Council on
Privatisation (NCP), on February 27th 2013,
approved the sale of NITEL/MTEL through Guided
Liquidation after several failed attempts in the
past to privatize the enterprises.
The Bureau then appointed a liquidator, Olutola
Senbore, for the transaction. Senbore’s
appointment was confirmed by the Federal High
Court sitting in Abuja on March 14, 2014 and he
commenced the process on March 25th2014 and
appointed professionals to work with him as
required under the law.
Members of Committee of Inspection (COI) were
appointed from significant creditors including
equipment vendors, Debt Management Office,
First Bank Plc and others.
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