Nigeria cancels sale of Nitel to New era

C114 March 16 Morning News (SHANGMU) According to foreign media reports, the Nigerian Federal Public Enterprise Administration (according of the government ENTERPRISES,BPE) announced that it will reconsider the state-owned operator of Nigeria Telecom (NITEL) candidate offers.　　In previous sales attempts, the winning bidder failed to pay 30% of the margin. Last February, the Nigerian government bid for the sale of Nigerian Telecom/m-tel, Omen International quoted a 956 million dollar offer as a candidate for the bid.　　The British New era communications company to significantly exceed the other bidders of the 2.5 billion U.S. dollars bid successfully, but after all but never in accordance with the stipulated deadline to pay the contract.　　The deal involved a 75% per cent stake in Nigeria Telecom, with the government holding the remaining 25%. The Omen international bid is valid for 6 months, so the privatization manager asks them to resubmit it.　　If approved, the privatization process for the Nigerian telecommunications will continue.　　Nigeria's Transcorp, which bought 75% of Nigeria's telecoms shares in 2006 with $750 million trillion, has since defaulted on employee pay, and the government withdrew its shares earlier in 2009 after ignoring several years. The new era is rumored to be composed of China Unicom (Hong Kong) Limited and Dubai Minerva, Nigeria Gicell Wireless, a Chinese unicom group listed company. China Unicom has repeatedly denied that the group and listed companies are involved in any acquisitions, but has also said in a public announcement that China Unicom (Europe) Operations Limited has contacted potential bidders who are to be involved in the bid for Nigeria's telecoms stake, and is interested in providing technical services and operational management related to the proposed privatization, and to explore the possibility of investing in Nigerian telecoms shares, with certain conditions in place.