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China Unicom To Purchase Nitel For HK$19.5B

China Unicom received approval from the Nigerian president, Goodluck Jonathan, for its HK$19.5 billion purchase plan of the local telecommunications enterprise, Nitel.

China Unicom will purchase Nitel through the New Generation Consortium, which includes the Dubai Minerva Group and the Nigerian Gicell Wireless.

Nigeria has the largest population in Africa, but only half have mobile phones, thereby providing tremendous growth potential.

Lisa

 

October 13, 2010 in Business Opportunity |

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