Soji Maurice-Diya, chief executive officer of Nigerian Telecommunications Ltd. (ntel)
Nigerian telecom operator ntel is positioning itself for a new round of investment after years of restructuring, as the Asset Management Corporation of Nigeria (AMCON) begins the search for strategic investors following what it describes as a successful recovery of value from the company.
The move signals more than a possible change in ownership. It reflects a broader shift in Nigeria’s telecommunications industry, where operators are increasingly transforming themselves into digital infrastructure companies as demand for cloud computing, artificial intelligence (AI), data centres, fibre connectivity and enterprise technology accelerates across Africa.
Read also: AMCON eyes stronger recovery with NTEL sale after N165bn debt haul
In a statement on Monday, ntel said the process marks the beginning of a structured effort to attract a long-term investor capable of funding its next phase of expansion.
“This positive announcement marks the official beginning of
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