Tuesday, April 10, 2007

BT withdraws from Nigerian telecoms deal - source

(Reuters) - BT Group Plc has pulled out as technical partner to Nigerian privatised telecoms company Nitel because the new owner, Transcorp, lacks funds to keep the company running, a source close to Nitel said on Tuesday.

The withdrawal of the telecom giant is a second blow to Transcorp, which owns 51 percent of Nitel, after Nigerian banks failed to disburse funds into the ailing utility.


Read more at Reuters Africa

No comments: