This post was originally published on this site.
AMCON announced it has begun divesting its 55% controlling stake in ntel, the successor to the former NITELThe sale process is still at the regulatory approval stage, with no investors identified yet, an AMCON spokesperson confirmedAny buyer acquiring 10% or more of a licensed telecom firm now needs prior NCC approval under new June 2026 rules
Pascal Oparada is a journalist with Legit.ng, covering technology, energy, stocks, investment, and the economy for over a decade.
The Federal Government has commenced plans to sell its controlling stake in telecommunications company ntel, marking a major step in the restructuring of one of Nigeria’s most valuable telecom assets.
The Asset Management Corporation of Nigeria (AMCON), which took over full management of ntel in 2024, has announced that it is divesting its 55 per cent shareholding in the company.
Lamido Yuguda-led Asset Management Company of Nigeria (AMCON) plans to sell the majority stake in ntel. Credit: AMCONSource:
