Two of the seventeen companies bidding for Nigeria Telecommunications Ltd (NITEL) and its mobile arm, Mtel, have been shortlisted by the Federal Government.

The two companies which were approved for the issuance of request proposal are Natcom Consortium and Nectar Consortium. Both came top with 90.7 percent and 90.2 percent, respectively.

Assets up for bid in NITEL are the licences and the spectrum, the nationwide fixed wired networks, the national right of way duct system, the fibre optic transmission backbone, and the CDMA network system. Others are international gateway earth stations, microwave transmission equipment/network and towers and other core assets.

Also up for sale is the SAT-3 international submarine cable in which NITEL has 6.32 percent shareholding in the consortium.

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