Orascom Bid Wins 51% of Nigerian Telecom
Via The International Herald Tribune.
Orascom Telecom of Egypt won the bidding Thursday for a 51 percent stake in the Nigerian state telecommunications company, Nitel.
Orascom, which offered $256.5 million, and Newtel, a Nigerian company, were the only two bidders after four others dropped out.
posted by Fergie @ 12/30/2005 06:52:00 AM
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