Brymedia Consortium, the third
place bid winner in the recently
terminated privatisation process
of the Nigerian
Telecommunications Limited
(NITEL) has offered to pay $900
million for the acquisition of the
moribund national carrier.
THISDAY gathered that the
consortium made the offer
following reports that the
federal government was
adopting the willing buyer
willing seller option to dispose
of NITEL after the termination of
the process by the Bureau of
Public Enterprises(BPE). The BPE
had terminated the process
following the inability of both
New Generation Consortium and
Omen
Consortium to pay,
despite several extensions
granted to them.
Brymedia’s Chief Executive
Officer, Mr. Adrian Wood has a
deep knowledge of the Nigerian
telecoms industry, having been
a key pioneer player in the rise
of MTN Nigeria before he left.

Wood, former CEO of MTN
Nigeria runs Brymedia as
project coordinator and is said
to have an experienced team
made up of former CEO of NITEL,
Mr. Edwin Momife; former Chief
Technical Officer of MTN, Mr.
Demola Elesho; and the first
Chief Marketing Officer of MTN,
Mr. Afam Edozien. They are
experienced and tested hands
in the telecoms industry that set
MTN on its glorious path to
being the leading operator in
Nigeria today.

More here http://www.thisdaylive.com/articles/brymedia-offers-900m-for-nitel/96290/