Nigeria tests investor appetite with sale of former telecom monopoly ntel

Nigeria’s plan to sell a controlling stake in ntel, formerly Nigerian Telecommunications Limited (NITEL), is shaping up to be more than just another state divestment. The transaction will test whether investors are willing to back a turnaround built around digital infrastructure rather than mobile subscribers, while navigating a tougher regulatory approval process for telecom acquisitions. The Asset Management Corporation of Nigeria (AMCON), the state-owned agency that took full management contr