Nigeria’s National Council on Privatisation (NCP) has selected two companies to participate in the guided liquidation of defunct state-owned incumbent Nigeria Telecommunications (NITEL) and its mobile arm M-Tel, local newspaper The Guardian reports.

A total of 17 companies expressed an interest in bidding for the assets of NITEL and M-Tel by the 30 June deadline, but only two – Natcom (a consortium of local and international firms including PCCW Global and a number of companies affiliated with businessman Olatunde Ayeni) and NETTAG Consortium – have been prequalified to proceed to the next stage of the process. Last month the liquidator said it was seeking bidders with five years of telecom experience and a net worth of at least USD200 million. The assets would be handed over to the preferred bidder in December.