and partners could buy 75% of
for $2.5 billion.
New Generation Telecom, which besides China Unicom also includes
, was selected as the preferred bidder for Nigerian Telecommunications, the state-owned phone company known as NITEL, said an official at the National Council on Privatization,
China Unicom's group outbid a $956 million offer from
and four shortlisted suitors including
, Africa's biggest phone company,
The bidding is subject to final approval by the National Council on Privatization, the
Wall Street Journal
More than half of Nigerians still don't have mobile phones,
reports, putting China Unicom, China's second-largest mobile phone company, in a good position enter the fastest-growing phone market in Africa.
-- Written by Joseph Woelfel in New York.
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