DeniAfrica

The Punch Newspaper reports

The Bureau of Public Enterprises has shortlisted six companies for the negotiated sale of 51 per cent of government’s equity in the Nigerian Telecommunications Limited… Following two botched attempts to sell the country’s first national carrier, the BPE on May 4, 2006 dropped the option of competitive bidding and adopted a negotiated sale approach for the privatisation…“We have a list of preferred and reserve companies. There are some on the preferred list and also some on the reserve list. The companies will go and do due diligence on the telecommunications firm. We are looking forward to concluding this transaction before the end of June 2006.”