Govt revokes sale of NITEL to TRANSCORP – The Guardian
June 2, 2009 by Bunmi Awolusi
Transnational Corporation of Nigeria (TRANSCORP) 30-month unimpressive management of Nigerian Telecommunications Plc (NITEL) came to an end yesterday with the Federal Government cancelling the sale of the once state-owned telecommunications giant to the core investor.
The National Council on Privatisation (NCP), which announced government’s action yesterday in Abuja, said TRANSCORP had left NITEL in a mess.
