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| LAGOS (AFP) - Nigeria's privatisation agency is examining bids from 21 firms sekking to buy a controlling stake in the state-run telecommunications firm NITEL and its mobile subsidiary M-Tel, officials said. |
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The Bureau of Public Enterprises said in a statement that the screening exercise, which was being conducted by its financial adviser French BNP Parisbas/MBC International Consortium, will end on June 1.
The agency's spokesman Chigbo Anichebe told AFP the firms were bidding to acquire 51 percent government's controlling stake in NITEL.
"The applicants are currently being reviewed and screened by BPE's financial advisers who are working to review the capabilities and verify the claims made by the applicants in their submissions," he said.
South African firms Vodacom, MTN and CelTel International. The United States' General Dynamics, two British firms, two Indian and Orascom Telecom from the Middle East are also represented, according to press reports.
Nigeria has launched a fresh attempt to sell the government's controlling share in NITEL to a core investor after a botched attempt to sell it to a London-based investment group in 2002.
Under the programme, NITEL is expected to be sold by September.
In January, the BPE cancelled a three-year management contract it signed with Dutch firm Penstascope to prepare NITEL for privatisation, citing incompetence and fraud.
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