China Unicom: UK Unit In Contact With Bidders For NITEL
February 22 2010 - 6:38AM
Dow Jones News
China Unicom (Hong Kong) Ltd. (CHU) said Monday its wholly owned
U.K. unit has indicated interest in providing technical and
managerial support to some potential bidders for a stake in
Nigerian Telecommunications Ltd., and would be interested in
exploring the possibility of equity investment in NITEL subject to
certain conditions being fulfilled.
It said in a statement its U.K. unit, China Unicom (Europe)
Operations Ltd., hasn't commenced any negotiations on any
substantive or legally binding agreements.
The statement comes after China Unicom spokeswoman Sophia Tso
said Thursday the telecom operator isn't part of a consortium
bidding for a stake in NITEL, after a statement from Nigeria's
Bureau of Public Enterprises had said China Unicom was part of a
consortium bidding for NITEL.
Chigbo Anichebe, head of public communications at the Nigerian
agency, had said in a statement Tuesday that an offer by the New
Generations Consortium was the highest bid submitted by five
companies that participated for a stake in NITEL and its
subsidiary, M-TEL. The agency said China Unicom was part of the New
Generations Consortium.
China Unicom also said Monday its parent company isn't in any
direct discussions or negotiations with any parties involved in the
proposed privatization of NITEL.
-By Lorraine Luk, Dow Jones Newswires;
852-2802-7002;lorraine.luk@dowjones.com
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