NATCOM To Rehabilitate NITEL With $1.2bn

NATCOM, the new owners of the National Telecommunications carrier, NITEL, has disclosed plans to revamp it with over $1.2billion.

The sum, according to the company, would be spread across different operations like fixed, mobile networks, Sat3 and other services.

According to Osondu Nwokoro, the face lift, which will begin with the launch of its services soonest, was to reassure Nigerians that it was prepared to make a complete difference from the several buyers who had bought NITEL but faced difficulties of even taking off.